Tech Company Inital Public Offerings
Pinterest IPO
Pinterest, operating out of Palo Alto, debuted as a public company on 4/17/2019.
Transaction Overview
Company Name
Announced On
4/17/2019
Transaction Type
IPO
Amount
$1,425,000,000
Proceeds Purpose
We intend to use a portion of the net proceeds from this offering to repay approximately $275.1 million that we expect to borrow under our revolving credit facility prior to the completion of this offering to fund the tax withholding and remittance obligations of approximately $275.1 million related to the RSU Settlement. The tax withholding and remittance obligation amount is based upon the assumed initial public offering price of $16.00 per share, which is the midpoint of the estimated offering price range set forth on the cover page of this prospectus, assumes that the completion of this offering had occurred on March 31, 2019, assumes all eligible employees elect to have their tax obligations withheld at maximum statutory rates, which will result in an average withholding rate of approximately 48%, and does not include any additional amounts that may be required to satisfy tax withholding and remittance obligations related to the settlement of RSUs for which the service condition w
Company Information
Company Status
Publicly-held
Industry
Internet & IoT
Mailing Address
635 High St.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Overview
Pinterest (NYSE: PINS) lets you organize and share all the beautiful things you find on the web. People use pinboards to plan their weddings, decorate their homes, and organize their favorite recipes.
Management Team
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