1888 Press Release - Pinterest is a visual bookmarking tool for saving and discovering creative ideas.
Pinterest set a price range for its initial public offering that will value the company below its last private-market peg of $12 billion Sean Mannion Jersey , raising questions about investor demand for prominent but unprofitable technology companies that are racing toward the stock market.
鈥淲e watched in dismay as Pinterest said it planned to price its offering at $15 to $17 a share. At the high end of that range, the digital pin board company would be valued at about $11.3 billion鈥? said Brian Wu COO of KCI Asia Limited.
Pinterest鈥檚 price range dampens some of the fervor over a wave of tech offerings this year, which had promised to generate piles of new wealth in Silicon Valley. It follows Lyft the ride-hailing company Josh Kline Jersey , which is deeply unprofitable.
While the offering created a great deal of hype and Lyft鈥檚 shares rose on their first day of trading, the stock fell below its offering price on the second day of trading.
Wu says,鈥?We expect that not all companies will perform at their best once they hit the market Dru Samia Jersey , but we had hoped that Pinterest would have come in at a higher price鈥?
Although at a lower figure there is a lot of up potential said Wu. But we will have to see how the market reacts on the day and how the fans and most importantly the investors react.
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Shortening Market | Size | Analysis | Share | Outlook to 2025
by Rushikesh Bane · February 6, 2019
adds 鈥淕lobal Shortening Market Research Report 2019鈥?new report to its research database. The report spread across 91 pages with multiple tables and figures in it.
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