Pinterest rockets more than 14% on high volume, marking seven 7 days of gains since IPO.
Pinterest jumped as much as 12 percent on Monday, notching its seventh straight day of gains since debuting on April 18.
The stock is up about 75% from the $19 IPO price, and Pinterest's market cap is approaching $18 billion. Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company's initial public offering in New York, on Thursday, April 18, 2019.shares closed up 14.77% on Monday, continuing their winning streak that began with the company's IPO on April 18.on April 18, and is now up 75% from its $19 offer price.
Pinterest's market cap has climbed to about $18.1 billion, up from $10 billion at the IPO. That values the social media company at more than 23 times trailing 12-month revenue, a significantly higher multiple than its internet peers, according to FactSet.
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