Pinterest plans to set a price range for its initial public offering that is below where the online image-search company last raised money privately
Pinterest Inc. plans to set a price range for its initial public offering that is below where the online image-search company last raised money privately when it begins a roadshow to pitch the shares to investors Monday.
Pinterest most recently sold shares to pre-IPO investors in 2017 at a price of $21.54 each, according to regulatory filings, valuing the startup at roughly $12 billion. It isn’t clear what range the company will set Monday but it is expected to fall below that level, according to people familiar with the matter.
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