priced its IPO at $19 a share on Wednesday, $2 above the $15 to $17 range previously set in an SEC filing on April 8. At this price, Pinterest is set to raise about $1.4 billion at a valuation of $10.1 billion excluding restricted stock and options, which would bring the valuation up to $12.7 billion according to media reports
The listing is the second biggest IPO in the United States so far this year, after ride-hailing company Lyft went public at a valuation of $24.3 billion in late March. Pinterest, which generated $756 million in revenue in 2018 and ended the year with 265 million monthly active users
, will trade on the New York Stock Exchange under the symbol PINS starting on Thursday.