Pinterest shares closed trading Thursday at $24.40 apiece after the company’s initial public offering began trading on the New York Stock Exchange Thursday morning at an opening price of $19 per share.
The stock climbed slowly but steadily until around noon ET, remaining in the mid- to high-$24 range for the majority of the afternoon.
The company offered 75 million shares of class-A common stock, as well as an additional 11.25 million for potential purchase by underwriters.
The shares trade under the symbol PINS, and the IPO is expected to close April 23.
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