With a considerable delay, Pinterest made a strong stock market debut on Thursday at the American stock exchange with a price jump of 25% to $ 23.75. The online bulletin board was launched on the stock market at an introductory price of $ 19 per share under the ticker name $ PINS.
Pinterest is visited two billion times a month for photos of fashion, gardening, interior design or travel tips. The company wants to use the money from the IPO for expansion and payment of first shareholders.
Pinterest, with 95% of all advertising revenue in the United States, represents a slightly different growth than big predecessors like Facebook, Twitter and Snap tried, with aggressive growth. It has indicated that it does not want to add users in new countries at all costs.
About the author: John Campbell
John Campbell is the godfather of Polimedia and the oldest author from the whole team. His occasional guidance is crucial for everyone he advises.