Pinterest (PINS) Prices 75M Share IPO at $19/Sh

Pinterest, Inc. (NYSE: PINS) today announced the pricing of its initial public offering of its Class A common stock at a price to the public of $19.00 per share. Pinterest is offering 75,000,000 shares of its Class A common stock, plus up to an additional 11,250,000 shares that the underwriters have the option to purchase. The shares are expected to begin trading on the New York Stock Exchange on April 18, 2019 under the symbol "PINS" and the offering is expected to close on April 23, 2019, subject to customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Allen & Company LLC are serving as lead joint book-running managers for the offering. BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBC Capital Markets, LLC. are also acting as book-running managers for the offering. Robert W. Baird & Co. Incorporated, UBS Securities LLC and Wells Fargo Securities, LLC are serving as co-managers for the offering.

You May Also Be Interested In

• Jersey Mike's closes IPO at $23 per share on NYSE
• Churchill Capital Corp XIII prices $360 million IPO on Nasdaq
• East West Ave Acquisition prices $100M IPO on Nasdaq