Pinterest’s IPO price in April 2019 was $19 per share.
Pinterest announced the pricing on April 17, 2019, offering 75 million shares of Class A common stock to the public at $19 each. The shares began trading on the New York Stock Exchange the next day under the ticker symbol PINS.
The final price was higher than the preliminary range of $15 to $17 that Pinterest had proposed earlier in the month. At the offering price, the company raised $1.425 billion before underwriting discounts and other expenses, although the underwriters also received an option to buy additional shares.
The IPO price is often confused with the stock’s opening or closing price. Pinterest opened at $23.75 on its first trading day and closed at $24.40, both above the $19 price paid by IPO investors. The $19 figure refers specifically to the initial public offering price, not the first exchange-traded quote.