It's IPO Day for Pinterest, the social sharing platform.
According to TheStreet's Annie Gaus, the company said late Wednesday (April 17,2019) it was offering 75 million shares plus plus up to an additional 11.25 million more that underwriters have the option to purchase, at $19 each.
Jim Cramer, TheStreet's founder and Action Alerts Plus Portfolio Manager, recently said "The growth here is extraordinary. The decline in losses is very good. It's a very interesting company. If I were trying to get stock, I'd probably want to get some stock on this. It's not going to be red hot anymore, but I think when I say red high hot--it shouldn't be after what happened with Lyft, but if I were watching and I could get some Pinterest, I would do it."
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