Pinterest, among a gaggle of tech companies planning to go public this year, hopes to raise as much as $1.5 billion in its initial offering of shares.
FILE - In this Oct. 11, 2018, file photo, Evan Sharp, Pinterest co-founder and chief product officer, poses for a photo beside a wall of pegs symbolizing the company logo at Pinterest headquarters in San Francisco. Pinterest plans to raise up to approximately $1.47 billion in its initial public offering. The Digital scrapbooking site said in a Monday, April 8, 2019, regulatory filing that the offering includes about 86.3 million shares, priced between $15 and $17 per share.
That, at the higher end, could put the value of the company at around $9 billion. But it falls below the estimated $12 billion value from earlier sales of shares to private investors, according to reports two years ago. And those tech companies still planning to go public this year may be treading more carefully following the debut of Lyft 11 days ago. After a much ballyhooed debut , the stock slumped for two days. While its shares bounced back from their lows last week, they remain far below the heights reached in the flurry of first-day trading, and they closed down nearly 6% Monday, again dipping under the initial offering price.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft is a 'treacherous' stock, post-IPO action is 'extremely negative': O'LearyThe problem with Lyft, market watcher Kevin O'Leary says, is that 'it makes no money.'
Read more »
Why some green investors are passing on Uber and LyftSome environmentally focused investors are not ready to buy into Lyft Inc or Ube...
Read more »
Lyft is having a messy first few days of tradingLyft was volatile in Tuesday trading.
Read more »
Lyft falls further from IPO after receiving first 'sell' ratingLyft Inc's stock sank further below its IPO price on Tuesday after receivin...
Read more »
Carl Icahn sold Lyft stake prior to IPO: WSJBillionaire investor Carl Icahn sold his roughly 2.7 percent stake in Lyft Inc a...
Read more »
Carl Icahn sold Lyft stake to Soros prior to IPO: WSJBillionaire investor Carl Icahn sold his roughly 2.7 percent stake in Lyft Inc t...
Read more »
Lyft's shares rise after Citron advises against shorting stockShares of ride-hailing company Lyft Inc rose as much as 4 percent on Friday, set...
Read more »
Betting against Lyft is 'The Amateur Short,' Citron Research saysCitron Research is long Lyft and says that anyone betting against the company is an 'amateur.'
Read more »
How Uber and Lyft riders can stay safe after Samantha Josephson’s deathThe University of South Carolina student entered the car of a man she mistook for her Uber driver, police said.
Read more »
Shorts line up for a Lyft ride despite surge pricingWhat a difference a week makes. Lyft Inc has gone from IPO darling to short sell...
Read more »