Pinterest, Inc.

Pinterest, Inc. (PINS) priced its initial public offering on Apr 18, 2019 at $19.00 per share, above its $15.00–$17.00 range, raising $1.43B, and listed on NYSE. At the IPO price its market capitalization was about $10.06B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Allen & Company and Barclays and others. Potter Anderson & Corroon and Cleary Gottlieb advised the company and Skadden, Arps advised the underwriters.

Pinterest, Inc. runs a visual discovery service where people, called Pinners, find ideas for cooking, fashion, home projects, travel and other interests. It shows visual recommendations called Pins based on personal taste, which users save into collections called boards.

Status

IPO

Ticker

PINS

Exchange

NYSE

Priced

Apr 18, 2019

IPO price

$19.00

Price range

$15.00–$17.00

Raised

$1.43B

Market cap at IPO price

$10.06B

First filed

Mar 22, 2019

Underwriters

Goldman Sachs, J.P. Morgan, Allen & Company, Barclays, Citigroup, Credit Suisse, Deutsche Bank, RBC Capital Markets, Baird, UBS and Wells Fargo

Company counsel

Potter Anderson & Corroon and Cleary Gottlieb

Underwriters' counsel

Skadden, Arps

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.