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Pinterest's price range for IPO values the company about $3 billion less than it was 2 years ago

Sara Salinas

Pinterest sets a price range of $15 to $17 per share for its initial public offering of 75 million shares. The top-end valuation is something of a discount from the company's most recent valuation on the private markets. CNBC reported last year the company was nearing $1 billion in ad revenue, though the company reported $756 million in 2018 revenue in its initial IPO prospectus.