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Daily Crunch: Pinterest sets IPO range

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1. Pinterest sets IPO range at $15-17, valuing it at $10.6B vs previous valuation of $12.3B
Social media platform Pinterest filed an updated S-1, where it set the price range at $15-17 per share, which would value the company between $10 billion and $11.3 billion.
That’s a tough (or, you might argue, conservative) picture, valuing the company at around $2 billion less than its valuation as a private startup when it last raised funding in 2017.
2. To stop copycats, Snapchat shares itself
Evan Spiegel has finally found a way to fight back against Mark Zuckerberg’s army of clones. His plan is to let other apps embed the best parts of Snapchat, rather than building their own half-rate copies.
3. Grab plans to raise $2B more this year to fund an acquisition spree in Southeast Asia
Fresh from closing a near-$1.5 billion raise from SoftBank’s Vision Fund as part of a huge, multi-billion Series H deal, Grab said today that it plans to extend the round to $6.5 billion to amp up its battle with Go-Jek.
Daily Crunch: Pinterest sets IPO range
Photo: KTSDESIGN/Getty Images
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