Pinterest Inc. should have been the story on Thursday. It had the name that consumers knew, the eight-figure private valuation and a co-founder who has been a Silicon Valley superstar since the service first hit the internet. In the end, though, Pinterest’s PINS, +28.42% initial public offering was overshadowed by “something that IT…
Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles
Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles. Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the…