Trading Pinterest CFDs on Libertex
Following the recent incorporation of Lyft on its platform, Libertex continues to expand the list of underlying assets for its clients. Today, the Libertex trading platform announces the launch of Pinterest CFD, valued at $10 billion after its IPO that took place on 17 April 2019.
The IPO price, initially set at a range of $15 to $17, quickly moved to $19, proving the interest of investors from the very first hours of trading. It's easy to understand why just by looking at some key facts about the company, which was founded in 2010 by Ben Silbermann, a former Google employee, and Evan Sharp, previously a designer at Facebook:
- It has 250 million users every month, of which 83% are women who make 80% of the total volume of purchases.
- In the US, the site is used to purchase goods more often than any other social media platform.
- It is a promising platform both for the advertising and retail sectors and features its own e-commerce solutions.
At present, Pinterest's revenue has increased by 60%, and, given the growth forecast for the digital ad market, Pinterest may become a very alluring investment option.
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Disclaimer: The information in this article is not intended to be and does not constitute investment advice or any other form of advice or recommendation of any sort offered or endorsed by Libertex. Past performance does not guarantee future results.
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