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Pinterest launches multi-billion dollar IPO in New York

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Jiya Saini
Jiya Saini is a Journalist and Writer at Revyuh.com. She has been working with us since January 2018. After studying at Jamia Millia University, she is fascinated by smart lifestyle and smart living. She covers technology, games, sports and smart living, as well as good experience in press relations. She is also a freelance trainer for macOS and iOS, and In the past, she has worked with various online news magazines in India and Singapore. Email: jiya (at) revyuh (dot) com

Pinterest can look forward to his stock market bid over brisk demand for his shares. Before the planned on Thursday debut on the New York Stock Exchange (NYSE), the papers were issued for the price of 19 dollars, as Pinterest announced. Thus, it was possible to strike the shares traded under the ticker symbol “PINS” above the previously targeted price range of $ 15 to $ 17 with investors.

With the issue of 75 million shares, Pinterest generates 1.43 billion dollars (1.27 billion euros). Founded in 2010, the NYSE has an overall valuation of more than $ 10 billion. Pinterest attracts high-growth investors: In 2018, revenue grew 60 percent year-over-year to more than $ 750 million. The company was in the red, but could reduce the loss from $ 130 million to $ 63 million. At the end of the year, Pinterest had 265 million active users.

Pinterest sees itself as a kind of visual search engine in which users can search for ideas for interior design or holidays and find pictures to their interests. At the same time, they can save photos from the net as so-called pins on “boards” on specific topics. At the end of last year, according to Pinterest, 175 billion “pins” were stored on 4 billion “boards”. Money takes Pinterest mainly through advertising – paid “pins” that are displayed to the users.

Also the video service Zoom wants to send its shares on Thursday for the first time its shares in the trade – however on the Tech stock exchange Nasdaq. Again, the demand was already high in advance. According to concurrent US media reports, the shares are to be spent at $ 36 each, which would increase the already significantly raised on Tuesday evening price range again. That would give an overall rating of around $ 9.2 billion. Unlike Pinterest, Zoom 2018 even made a small profit of $ 7.58 million.

Pinterest and Zoom are two of the biggest IPOs this year, which was already marked by some big debuts. In March, Levi’s and Lyft placed their shares. But the big spectacle is still to be seen with the premiere of Uber: Lyft’s great rival is aiming with an overall rating of around $ 100 billion, the highest-priced IPO since the Chinese Internet giant Alibaba in 2014. The office app Slack and the tourism provider Airbnb want to go public in 2019.

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