April 18, 2019 / 12:10 AM / 5 months ago

Pinterest prices IPO at $19, above target range

NEW YORK, April 17 (Reuters) - Pinterest Inc, the online scrapbook where users save ideas for clothes, décor and recipes, said on Wednesday it priced its initial public offering at $19 per share, above its $15-$17 target range.

At this price, Pinterest raised around $1.4 billion at a roughly $12.6 billion valuation, taking into account restricted stock units and options.

The company is due to start trading on the New York Stock Exchange on Thursday under the symbol "PINS".

Reporting by Joshua Franklin in New York; Editing by Lisa Shumaker

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