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How Pinterest avoided the unicorn IPO losing streak: Tech

Wednesday, October 9, 2019

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Pinterest co-founder & CEO Ben Silbermann, center, gathers with company employees outside the New York Stock Exchange, Thursday, April 18, 2019, before the Pinterest IPO. (AP Photo/Richard Drew)

How Pinterest avoided the unicorn IPO losing streak: Pinterest (PINS) went public on April 18, smack in the midst of the unicorn IPO parade of the past six months that included Lyft (March), Slack (April), Uber (May), CrowdStrike (June), Smile Direct Club (September), and Peloton (September).

Every one of those stocks is trading down from its IPO price. Except for Pinterest.

Pinterest is up 35% since its IPO, and has managed to keep itself out of the unicorn funeral conversation.

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