Better to underpromise and overdeliver, they say. For Pinterest, this might be bad advice. The image-sharing company is set to go public next week and has said it would price shares between $15 to $17. At its midpoint, that is 26% below the implied price of Pinterest’s latest private fundraising of $21.54 back in 2017. This conservative tack...

Source: Wall Street Journal April 08, 2019 18:57 UTC