Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
Pinterest, Inc. (“Pinterest” or the “Company”) (NYSE: PINS), recently completed an initial public offering of 75,000,000 shares of its Class A common stock at a price of $19.00 per share, generating gross proceeds of approximately $1.4 billion. In addition, Pinterest has granted the underwriters a 30-day option to purchase up to an additional 11,250,000 shares at the public offering price, less the underwriting discount. The Company intends to use the net proceeds from the offering for general corporate purposes.Pinterest is a visual discovery engine that more than 250 million people use every month to find inspiration for their lives—ideas ranging from dinner recipes, to home decor, to new outfits. People have saved more than 175 billion Pins across thousands of interests, which others can discover with search tools and personalized recommendations. Pinterest was founded in 2008 and is headquartered in San Francisco, California.
CONTACT US TO LEARN MORE
- Date
- April 2019
- Company
- Pinterest, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
Share
