Pinterest prices IPO at $19 per share, giving it a $10 billion valuation — lower than its $12.3 billion private valuation

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• Pinterest priced its IPO at $19 a share on Wednesday, giving it a valuation of $10 billion.
• It's above the range the company originally set for its IPO, though still below its last private funding valuation of $12.3 billion.
• Pinterest is expected to start trading on Thursday on NYSE under the ticker symbol "PINS."

Pinterest, the self-described "visual discovery" platform, priced its IPO at $19 a share on Wednesday, giving it a valuation of $10 billion.

The company is expected to start trading on the New York Stock Exchange on Thursday under the ticker symbol "PINS." It's joined by another multi-billion dollar unicorn — Zoom, the video conferencing platform, which is also expected to list on Nasdaq on Thursday under the ticker symbol "ZM."

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See Also:

• Pinterest's IPO team wants to convince investors that it has more in common with Google than Snap
• The average Pinterest employee has $700,000 in equity according to a report which warns of disruption if the IPO is volatile
• Morgan Stanley, Goldman Sachs, and all 27 other banks working on Uber's mega-IPO

SEE ALSO: Uber spent $3.3 billion on acquisitions in 2018 and 2019 — 10-times more than Lyft

from Business Insider http://bit.ly/2DmLBsm