Pinterest confirmed that the company’s shares will be traded under the thicker PINS, previously planning on starting the IPO sale at the share price between 15$ and 17$ per share.
Moreover, Pinterest won’t be the only tech company with a status of unicorn as Zoom is scheduled to go public on the same date, on April 18th, 2019, even though the two companies will mark their debuts on different stock exchange markets.
Previously estimated at 11.3 billion dollars for its IPO, Pinterest announced that the company is planning on offering 75 million A class shares at the price between 15$ and 17$ per share.
However, the company raised the value of their shares ahead of the IPO debut at New York Stock Exchange, which means that the sale should now start at the share price of 19$.
Pinterest and Zoom to Have a Public Debut on the Same Date
In the meanwhile, Zoom also raised the stakes by increasing the opening share price initially from 28$ to 32$, to the price range between 32$ and 35$, now planning on starting the sale at the value of 36$ per share.
Zoom and Pinterest should go public at the same time on the mentioned date, however, Zoom should make its debut on Nasdaq in oppose to Pinterest getting a listing on New York Stock Exchange.
After Pinterest and Zoom, Uber and Slack IPO Arriving at the Market
It appears that the following weeks of April and May 2019 should definitely be interesting to investors as after Pinterest and Zoom, the market should see Slack and Uber hitting the market with their initial public offers.
Uber, the ridesharing giant, expects to see around 10 billion raised through their IPO, having the company valued between 90 and 100 billion dollars, that way representing one of the biggest IPOs by far.