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> They continue to drop in value day by day as they’re traded openly. Pinterest has been going up in value day by day.

lawrenceyan 7y ago
That’s a lack of perspective playing tricks on you. You see, Pinterest heavily lowballed it’s IPO, setting initial pricing far below its previously held valuation. Why this was done? Your guess is as good as mine. :)
- harryh 7y ago
  Pinterest's last pre-ipo valuation was at 12.something billion. It's market cap is currently a bit over 18 billion.
  - lawrenceyan 7y ago
    I can’t give you an answer as to why the stock has moved the way it’s moved in the short term of this past week. What I can tell you concretely though was that Pinterest made the willful decision to lower its initial pricing of its IPO to below its valuation (75 million shares priced between $15-17 for a total valuation of ~$11 billion compared to its original supposed pre-IPO valuation of ~$12 billion). This shows a clear lack of confidence in the company. This is a fact, not an opinion.
    - Gigablah 7y ago
      Facts need to be backed up with evidence.
      - lawrenceyan 7y ago
        >Facts need to be backed up with evidence. 75 million shares priced between $15-17 for a total valuation of ~$11 billion compared to its original supposed pre-IPO valuation of ~$12 billion
    - trimbo 7y ago
      Wouldn't this have created a ratchet for their last round's investors?
    - friedman23 7y ago
      Pinterest was the first company to IPO after the debacle that was the Lyft IPO. At the time they were unsure if the problem was that investors were sour on IPOs in general or if they were just sour on Lyft, that's why they discounted their valuation.
    - CerebralCerb 7y ago
      It can also be a lack of confidence in the valuation.
- sonnyblarney 7y ago
  It's not a lack of perspective at all, he's perfectly correct. A company that 'low balled' it's IPO simply made a huge mistake and left a ton of money on the table. IPO pricing is very difficult because it's hard to predict demand and market conditions. Ideally, you want a flat, and steadily increasing price.

That’s a lack of perspective playing tricks on you. You see, Pinterest heavily lowballed it’s IPO, setting initial pricing far below its previously held valuation. Why this was done? Your guess is as good as mine. :)

harryh 7y ago
Pinterest's last pre-ipo valuation was at 12.something billion. It's market cap is currently a bit over 18 billion.
- lawrenceyan 7y ago
  I can’t give you an answer as to why the stock has moved the way it’s moved in the short term of this past week. What I can tell you concretely though was that Pinterest made the willful decision to lower its initial pricing of its IPO to below its valuation (75 million shares priced between $15-17 for a total valuation of ~$11 billion compared to its original supposed pre-IPO valuation of ~$12 billion). This shows a clear lack of confidence in the company. This is a fact, not an opinion.
  - Gigablah 7y ago
    Facts need to be backed up with evidence.
    - lawrenceyan 7y ago
      >Facts need to be backed up with evidence. 75 million shares priced between $15-17 for a total valuation of ~$11 billion compared to its original supposed pre-IPO valuation of ~$12 billion
  - trimbo 7y ago
    Wouldn't this have created a ratchet for their last round's investors?
  - friedman23 7y ago
    Pinterest was the first company to IPO after the debacle that was the Lyft IPO. At the time they were unsure if the problem was that investors were sour on IPOs in general or if they were just sour on Lyft, that's why they discounted their valuation.
  - CerebralCerb 7y ago
    It can also be a lack of confidence in the valuation.
sonnyblarney 7y ago
It's not a lack of perspective at all, he's perfectly correct. A company that 'low balled' it's IPO simply made a huge mistake and left a ton of money on the table. IPO pricing is very difficult because it's hard to predict demand and market conditions. Ideally, you want a flat, and steadily increasing price.