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Pinterest shares rise 28% on first day of trading, worth $13 billion

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Shares of Pinterest closed 28.58% higher than the IPO price on the first day of trading, giving the image-sharing site a $12.83 billion valuation.
Shares of Pinterest closed 28.58% higher than the IPO price on the first day of trading, giving the image-sharing site a $12.83 billion valuation.
The rise marked a strong debut for the company, though the valuation just tops the $12.3 billion valuation the company had when it last raised venture capital in 2017.
Still, the positive reception continues the warm fuzzies between tech and Wall Street.

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