Pinterest, a social platform for bookmarking pictures from around the web, has priced its initial public offering at $19 a share
New York Pinterest, a social platform for bookmarking pictures from around the web, priced its initial public offering at $19 a share on Wednesday.
The amount was above its original proposed price range of $15 to $17 a share. The strong demand for the IPO may ease investor concerns about the stampede of tech unicorns racing to go public this year after Lyft's lackluster Wall Street debut. Lyft , which began trading on Nasdaq at the end of March, has since been hammered by investors due in part to worries over its steep losses. Its stock opened at $56.50 a share on Wednesday, more than 20% below its IPO price of $72.
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