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Pinterest launches a blistering pace in the stock market

investors have ripped the debut of Pinterest on the New York stock exchange the shares of the photo platform. The first course of the on Thursday under the Tick

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Pinterest launches a blistering pace in the stock market

investors have ripped the debut of Pinterest on the New York stock exchange the shares of the photo platform. The first course of the on Thursday under the Ticker symbol "PINS" listed on the papers was 23.75 25 per cent over the issue price of $ 19. The exchange value of the rate allowed to rise temporarily to rise to more than 12 billion dollars. The Social Media company from San Francisco and picked-up at the IPO with the issuance of 75 million shares, a total of 1.43 billion dollars for investors.

To significantly greater investor interest in the video service Zoom, the sent, for the first time under the symbol "ZM" its shares on the New York technology stock market Nasdaq in the trade. Here, the Purchase price was 65 dollars, around 80 percent on the issue. Thus, the stock market shot value of video conferencing, specialised Start-ups in the meantime to around 16.7 billion dollars. Zoom had been previously redeemed with the sale of 20.9 million shares of 751 million dollars.

High growth

As usual, the Pinterest Management, opened trading on the company logos adorned NYSE by the traditional Ringing of the exchange bell. Founded in 2010 in the Start-up writes, while in the red, attracts investors, but with high growth: in 2018, the revenues for the year rose by 60 percent to more than $ 750 million. Pinterest has been earned to date, no money, could reduce the loss, however, of 130 million to $ 63 million. At the end of the year, it has brought the platform to 265 million active users.

Pinterest is a kind of visual search engine in the users for ideas for the interior decoration or holidays, search and find pictures of your interests. At the same time, you can save photos from the web as so-called Pins to Boards on specific topics. At the end of last year, were stored according to Pinterest 175 billion Pins to 4 billion Boards. Money takes Pinterest, mainly through advertising – paid-for Pins that are displayed to the users.

Two of the largest IPOs

Pinterest, and the Zoom worked on two of the largest IPOs this year, which had recorded with the Jeans icon Levi's and the travel intermediary, Lyft is already big debuts.

However, the big spectacle of the Premiere of Uber: Lyfts big rival, with a total valuation of around $ 100 billion of the most prized IPO, since the Chinese Internet giant, Alibaba, in 2014. Also the office App Slack and the tourism provider Airbnb want 2019 to the exchange. (fal/sda)

Created: 18.04.2019, 19:04 PM

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