Pinterest seeks USD 15-USD 17 per share in IPO, below last private valuation

Pinterest Inc on Monday set a price range of USD 15 to USD 17 per share for its initial public offering of 75 million shares, valuing it below the USD 12 billion at which the online image-search company sourced its last fundraising in 2017.

At the upper end of its target range, the company could have a market valuation of about USD 11.30 billion and could raise USD 1.3 billion in net proceeds, taking into account restricted stock units and options.

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