Loop Capital Markets participates as selling group member in initial public offering of Pinterest, Inc.

On April 18th, 2019, Loop Capital Markets served as a selling group member on the initial public offering of Pinterest.  The company raised $1.43 billion by offering 75 million shares at $19.00.  Pinterest intends to use the net proceeds for funding tax withholding and remittance obligations related to Restricted Stock Units, acquiring or investing in businesses products, services or technologies, and general corporate purposes.