Pinterest plans to sell up to 75 million shares in the IPO, which at the midpoint of its price range of $15 to $17, would raise roughly $1.2 billion
Pinterest Inc. set a price range of $15 to $17 for its initial public offering, a range that is below where it last raised money privately, as the image-search company begins its roadshow to pitch the shares to investors Monday.
The company said it plans to sell up to 75 million shares in the IPO, which at the midpoint of the price range would raise roughly $1.2 billion.
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