Pinterest shares leap 25% in spectacular New York stock exchange debut
- Latest Silicon Valley ‘unicorn’ valued at $12bn
- Popular digital scrap book platform is close to making money
Pinterest, the digital pin board company, made a spectacular debut on the New York stock exchange on Thursday when its shares leapt 25% in its first few hours of trading.
The company, that allows users to “pin” and share pictures of favorite recipes, decorating tips and inspiring images, is used by 250 million users a month and reaches “eight out of 10 moms” in the US, according to its regulatory filing.