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Shares İn Pinterest Soared 28 Pct. İn Stock Market Debut

19.04.2019 11:59

Online scrapbook company Pinterest jumped 28 percent in its debut on the New York Stock Exchange.The shares opened at 23.75 dollars, ahead of the 19 dollars they were priced at, and they closed at 24.40 dollars. It values the company at about 16 billion dollars.

Online scrapbook company Pinterest jumped 28 percent in its debut on the New York Stock Exchange.

The shares opened at 23.75 dollars, ahead of the 19 dollars they were priced at, and they closed at 24.40 dollars. It values the company at about 16 billion dollars.

Pinterest is an online scrapbook where users save ideas for clothes, décor and recipes. The company earns money through advertisements, which are placed among the "pins" or posts that users upload on the site.

Its flotation comes before the widely-anticipated stock market debut of ride-hailing app Uber next month. - Istanbul

Kaynak: DHA

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