Business

Pinterest Dials Down Expectations as I.P.O. Nears

Pinterest e

Pinterest set a price range for its initial public offering on Monday that will value the company below its last private-market peg of $12 billion.

In an updated prospectus, the digital pin board company said that it planned to price its offering at $15 to $17 a share. At the high end of that range, the business would be valued at about $11.3 billion, accounting for stock options and restricted stock.

Source: NYT

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