Pinterest Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

SAN FRANCISCO–(BUSINESS WIRE)–Pinterest, Inc. (NYSE: PINS) (“Pinterest”) today announced that the
underwriters of its initial public offering exercised in full their
option to purchase an additional 11,250,000 shares of Class A common
stock at the initial public offering price of $19.00, less underwriting
discounts. A total of 86,250,000 shares of Class A common stock have now
been sold by Pinterest in the offering, including 75,000,000 shares of
Class A common stock that closed on April 23, 2019.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Allen & Company
LLC served as lead joint book-running managers for the offering. BofA
Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc.,
Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and
RBC Capital Markets, LLC. also acted as book-running managers for the
offering. Robert W. Baird & Co. Incorporated, UBS Securities LLC and
Wells Fargo Securities, LLC served as co-managers for the offering.

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A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission on April 17, 2019.
The offering was made only by means of a prospectus, copies of which may
be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200
West Street, New York, NY 10282, telephone: 1-866-471-2526 or by
emailing [email protected];
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, phone: 866-803-9204, email: [email protected];
or Allen & Company, Prospectus Department, 711 Fifth Avenue, 10th Floor,
New York, NY 10022, email: [email protected].

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or

About Pinterest

Pinterest is a visual discovery engine that more than 250 million people
use every month to find inspiration for their lives—ideas ranging from
dinner recipes, to home decor, to new outfits. People have saved more
than 175 billion Pins across thousands of interests, which others can
discover with search tools and personalized recommendations.

Cautionary Statement Regarding Forward-Looking Statements

Any statements made in this press release that do not relate strictly to
historical or current facts are forward-looking statements that reflect
Pinterest’s current plans, beliefs, expectations and current views with
respect to future events. Forward-looking statements involve known and
unknown risks, uncertainties, assumptions and other important factors
that could cause Pinterest’s actual results, performance or achievements
to differ materially from historical results or any future results,
performance or achievements expressed, suggested or implied by the
forward-looking statements. Certain of these risks and uncertainties are
described in Pinterest’s registration statement on Form S-1 filed with
the SEC, including under the headings of “Risk Factors” and “Cautionary
Note Regarding Forward-Looking Statements” in the registration
statement. Forward-looking statements made in this press release speak
only as of the date of this press release, and Pinterest undertakes no
obligation to update them in light of new information or future events,
except as required by law.


Mike Mayzel
[email protected]

Jane Penner
[email protected]


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