Pinterest going public at $19 a share, the latest in a wave of ‘unicorn’ IPOs - News Summed Up

Pinterest going public at $19 a share, the latest in a wave of ‘unicorn’ IPOs


Last week, when Pinterest released a lower-than-expected IPO price, analysts speculated the company was adopting a more conservative approach to avoid replicating Lyft’s disappointing debut. [Why Pinterest’s set IPO price may worry tech investors]What is a unicorn IPO? Tech companies worldwide are facing heightened scrutiny from regulators on issues tied to data privacy, competition and labor. The time is ripe for investors in these private companies, whose early backers have waited years for the right conditions to cash out. Like Pinterest, Zoom’s IPO price is higher than initial estimates, suggesting increased investor demand.


Source: Washington Post April 18, 2019 11:15 UTC



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