plans

Pinterest IPO Is Coming to the Market For Less Than Expected

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.

Earning Analysis: ROYAL CARIBBEAN CRUISES

Royal Caribbean Cruises controls and operates four global cruise brands: Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises and Silversea Cruises. Besides those brands, the company also owns a 50% joint venture interest in the German brand TUI Cruises and a 49% interest in the Spanish brand Pullmantur. Altogether, RCL operate about 60 ships in total.