This growth was driven mainly by the large expansion in active monthly users, primarily outside the USA, and increasing uptake of commercial accounts. Financial results released for the first quarter of 2021 showed a huge 78% increase in revenue year on year, coming in at $485m for the quarter. The Pins share price chart shows that in the first quarter of 2021 the stock experienced higher degrees of volatility than in previous years due to uncertainty surrounding the long-term effects of the global pandemic on advertising revenues. As of May 2021, the company was trading within the 52-week range of $15.82-$89.90. The Pinterest share price has risen steadily since the market crash of March 2020 when it hit the lowest price in its history at $12.21. Pinterest has also experienced rapid growth in international markets, in particular Brazil and the rest of Latin America. As of Q1 2021, the company has over 478 million active monthly users and is growing significantly in the under-25 male segment. The stock quickly rose from its initial offering to $19.00 to close its first day at $24.40. After garnering huge volumes of attention, the company went public with an initial public offering (IPO) on 18 April 2019. After a relatively slow beta release, the company grew rapidly after an AppStore launch in 2011. The company was founded by Ben Silbermann, Paul Sciarra, and Evan Sharp in 2009. Popular themes include recipe ideas, fashion, home decor and DIY projects. Pinterest’s stock will list on the New York stock exchange under the “Pins” ticker symbol.Pinterest is an American social networking platform that allows users to interface with visual recommendations to explore inspirational ideas. Their shares will have 20 votes a share compared with public investors, who will get one vote a share. As with many other founder-led technology companies, Pinterest will use a dual-class structure that ensures management and existing investors retain control of the company. Pinterest was founded in 2010 by Ben Silbermann and Evan Sharp, who are the company’s CEO and chief product officer, respectively. It had a loss of $63m in 2018, compared with a loss of $130m in 2017. The San Francisco company had revenue of $756m last year, a 60% bump from 2017.

Pinterest makes advertising revenue when businesses promote pins in users’ feeds. That means it’s avoided the privacy tangles that have ensnared companies like Facebook. It doesn’t push users to add friends or build connections. Pinterest has long shunned the label of being a social network. The platform allows people to search for and “pin” images that interest them, whether it’s fashion, sports, pets or travel. Pinterest, which launched in 2010, claims more than 250 million active monthly users and more than 2bn monthly searches. Its larger rival, Uber, lost $1.8bn last year and WeWork, the office rental company, lost $1.9bn. Lyft lost $911m in the year before its IPO, the most money ever lost by a company ahead of a share sale.

But unlike many of its peers the social media company is not hemorrhaging cash. Pinterest will be followed by even larger share sales from companies including Airbnb, Uber and WeWork. They have since recovered and are now trading at a small premium to their initial $72 sale price. Lyft’s sale was enthusiastically embraced by investors but stalled on its second day as Lyft’s share price fell below their IPO price.

The sale comes after Lyft, the ride sharing technology company, went public late last month.

The $9bn valuation for the whole company is $3bn less than the $12bn Pinterest was valued at in 2017 when it last raised money. According to the company’s filing Pinterest plans to sell 75m shares at a price of between $15 and $17.

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