Pinterest (PINS) announced yesterday it would issue 75 million shares for $15-17 each. Based on its 529 million share count, that translates into an overall valuation of $7.9 billion to $8.9 billion. The number immediately raised eyebrows because PINS was valued around $12 billion in the private market 22 months ago.
Arco Platform Limited (NASDAQ: ARCE) is an education technology company established in Brazil in 2004. It provides high-quality educational contents and develops educational software for private schools from Kindergarten to grade 12. The number of students using Arco’s platform service increased by an average of 51% per year.