4 ms·

Pinterest's last pre-ipo valuation was at 12.something billion. It's market cap is currently a bit over 18 billion.

• lawrenceyan 8y 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 8y ago
    Facts need to be backed up with evidence.
    • lawrenceyan 8y 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 8y ago
    Wouldn't this have created a ratchet for their last round's investors?
  • friedman23 8y 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 8y ago
    It can also be a lack of confidence in the valuation.