trending Market Intelligence /marketintelligence/en/news-insights/trending/CntmhxoqW9jHjBsVK7aYpw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Update: Pinterest sets IPO price range

Virgin Media-O2 Tie Up, EC Reversal on Three-O2 to Reboot Consolidation

COVID-19 Impacts Incumbent Telco Revenues In Western Europe

Disney+ Ditches Free Trials — Will Other Big Streamers Follow Suit?

COVID-19 Pandemic Likely To Cause US Telemedicine Boom


Update: Pinterest sets IPO price range

Pinterest Inc. set a price range of $15 to $17 per share for its initial public offering, according to an April 8 regulatory filing.

The social media company is offering 75 million shares of its class A common stock in the IPO. Pinterest expects net proceeds of about $1.15 billion, or about $1.32 billion if the underwriters exercise their option to buy additional shares in full, at an assumed IPO price of $16 per share, which is the midpoint of the estimated offering price range.

Pinterest intends to use a portion of the net proceeds from this offering to repay about $275.1 million that the company expects to borrow under its revolving credit facility before the completion of this offering to fund the tax withholding and remittance obligations of about $275.1 million related to the RSU settlement. Moreover, Pinterest expects to use the net proceeds for general corporate businesses and may also use a portion to acquire or invest in businesses, products, services or technologies.

The company will trade on the New York Stock Exchange under the symbol PINS.

Pinterest was valued at about $12 billion after a 2017 funding round, during which it sold shares at $21.54 each.

The underwriters for Pinterest's IPO are Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Allen & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBC Capital Markets LLC, Robert W. Baird & Co. Inc., UBS Securities LLC and Wells Fargo Securities LLC.