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Pinterest Soars in Debut in 2019's Second-Biggest U.S. IPO

Digital-scrapbook company’s shares rise as much as 32 percent
Pinterest, Zoom seen as good sign for startups going public

Pinterest CEO Ben Silbermann talks about the company going public on the NYSE. Source: Bloomberg)

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By Elizabeth Fournier and Selina Wang

April 18, 2019 at 3:42 PM UTC

Updated on

April 18, 2019 at 9:22 PM UTC

This article is for subscribers only.

Pinterest Inc. climbed as much as 33 percent in its trading debut after raising $1.4 billion in the year’s second-biggest U.S. initial public offering, pinning investor hopes on a continuing listing surge.

Shares of the digital-scrapbooking company opened at $23.75. They closed up 28 percent to $24.40 in New York trading Thursday, giving the company a market value of about $12.9 billion.