wall street: Pinterest would raise 1.2 billion at the midpoint of that range, according to Market Watch. The San Francisco-based company tried to explain itself to Wall Street, where some investors might still not understand what the company does, but it was not able to come up with something succinct or catchy such as online scrapbooking site, or an online image discovery engine. The company, which appears to be attempting the sunset version of dual-class stock, is expected to go public later this month, and it was last valued at about 12 billion as a private company. What is Pinterest Instead, the company said Pinterest is where more than 250 million people around the world go to get inspiration for their lives. Pinterest said it calls its users Pinners and it has an apt stock symbol PINS, and it plans to be listed on the New York Stock Exchange. They come to discover ideas for just about anything you can imagine daily activities like cooking dinner or deciding what to wear, major commitments like remodeling a house or training for a marathon, ongoing passions like fly fishing or fashion and milestone events like planning a wedding or a dream vacation.
(news.financializer.com). As
reported in the news.
Tagged under wall street, dual-class stock topics.