PINS News

2019 IPO Market: Better Than the Headlines The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork’s kamikaze IPO attempt in September. But beyond these headline-grabbing disappointments, the IPO market had a mostly good year. Returns averaged 20%, with 159 IPOs raising $46...read more

Two companies qualify for inclusion in the Renaissance IPO ETF (NYSE: IPO) effective Thursday, April 25, 2019. Pinterest (PINS), which operates a digital bookmarking platform for images and products, raised $1.4 billion by offering 75 million shares at $19 on April 17. At pricing, the San Francisco, CA-based company commanded a market value of $10.1 billion. Zoom Video...read more

Despite losing a day, this has been the busiest week of the year for IPOs with 8 IPOs raising $8.9 billion led by  Zoom Video (ZM), which popped 72% on its first day of trading after raising $751 million in an IPO that priced above its upwardly revised range. Zoom's first day performance marks the biggest first day return for a decacorn since 2013.  ...read more

Pinterest, which operates a pinboard-style social photo sharing platform, raised $1.4 billion by offering 75 million shares at $19, above the range of $15 to $17. Pinterest plans to list on the NYSE under the symbol PINS. Goldman Sachs, J.P. Morgan, Allen & Company, BofA Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank and RBC Capital Markets acted as lead...read more