Pinterest is actually seeking a valuation of up to $9 billion when the item debuts on the public market This particular spring, which will rake in hundreds of millions for each of its founders in addition to also some other major stakeholders. Pinterest’s valuation was said to be $12 billion nearly two years ago when the item raised its last round of funding.
The company plans to sell 75 million Class A shares at $15 to $17 per share when the item starts trading on the brand new York Stock Exchange under the symbol “PINS,” according to a regulatory filing. Pinterest will use a dual-class structure to concentrate voting power among major stakeholders including co-founders Benjamin Silbermann in addition to also Evan Sharp. These stakeholders will own Class B shares.
Lyft similarly debuted using a dual-class structure when the item hit the public market earlier This particular month. yet unlike Lyft, whose founders are the sole owners of Class B shares, some other major stakeholders in Pinterest like Andreessen Horowitz in addition to also FirstMark will also own This particular class of stock.
Pinterest is actually still on the early side of a wave of large tech IPOs anticipated This particular year. Uber in addition to also Slack are among some of the biggest public debuts anticipated to hit the public market as well.
Here’s what each of Pinterest’s major stakeholders stand to hold after its initial public offering, based on their post-IPO share counts in addition to also assuming the stock prices at the midpoint of its stated range at $16 per share:
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