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Pinterest also reported a full-year 2019 outlook that failed to live up to Wall Street's expectations.
Pinterest was one the 20 most downloaded non-gaming apps in the U.S. in the first quarter of 2019, data shows.
Pinterest prices IPO at $19 per share, giving it a $10 billion valuation — lower than its $12.3 billion private valuation
Pinterest is expected to start trading Thursday on NYSE under the ticker "PINS."
The social-media company set the range of its IPO at between $15 and $17 a share, giving it a maximum valuation of $11.3 billion.
Pinterest filed its S-1 on Friday as it preps for an April IPO.
Pinterest has reportedly filed a confidential S-1 with an eye on a June IPO.