1888 Press Release - Pinterest is a visual bookmarking tool for saving and discovering creative ideas.
Pinterest set a price range for its initial public offering that will value the company below its last private-market peg of $12 billion Wholesale Sean Doolittle Jersey , raising questions about investor demand for prominent but unprofitable technology companies that are racing toward the stock market.
atched in dismay as Pinterest said it planned to price its offering at $15 to $17 a share. At the high end of that range, the digital pin board company would be valued at about $11.3 billion鈥? said Brian Wu COO of KCI Asia Limited.
Pinterest鈥檚 price range dampens some of the fervor over a wave of tech offerings this year, which had promised to generate piles of new wealth in Silicon Valley. It follows Lyft the ride-hailing company, which is deeply unprofitable.
While the offering created a great deal of hype and L shares rose on their first day of trading Wholesale Kevin Long Jersey , the stock fell below its offering price on the second day of trading.
Wu says,鈥?We expect that not all companies will perform at their best once they hit the market, but we had hoped that Pinterest would have come in at a higher price鈥?
Although at a lower figure there is a lot of up potential said Wu. But we will have to see how the market reacts on the day and how the fans and most importantly the investors react.
Total Views: 5Word Count: 237See All articles From Author Where is it possible to buy a property on your credit card? Bulgaria, of course! With thousands of potential property buyers seduced by Bulgaria's bargain property prices Wholesale Joaquin Benoit Jersey , the temptation is to think that making a solid return is a no-brainer! Searching the Internet, dozens of articles and property websites boast about the 100% capital growth that can be achieved on Bulgarian property investments in the space of 12 months.
For first time investors with small budgets looking for a step onto the property ladder, this seems like an opportunity almost too good to be true! The result is that thousands of novice speculators and second homebuyers are flocking to Bulgaria to cash in on the investment opportunities it offers. But as the saying goes, if it's too good to be true Wholesale Gio Gonzalez Jersey , well then, it probably isn't.
Property prices are rising significantly but largely in the more established and more desirable tourist hotspots. Investing along the Black Sea coastline and areas within 10km of the two major ski resorts, Barovets and Pamporovo, is likely to yield a healthy 60-80% capital growth in one year. Buying a new apartment in these areas can cost as little as ?30 Wholesale Stephen Strasburg Jersey ,000 and is likely to be solid investment, since they can be easily let to the increasing number of tourists coming to experience the delights of Bulgaria.
A quick trawl through the Bulgarian real estate portals and you're likely to find 100's of properties under ?15,000. With prices like this, the temptation is to rush in and buy Wholesale Matt Wieters Jersey , sometimes without even seeing the property. It is wise not to be carried away by the prospect of a property at this price doubling its value in one year. The problem with many of these properties is that they tend to be located in Bulgaria's most isolated and rural areas. These areas are often weak on infrastructure and services and may lag behind the rest of Bulgaria for many years to come.
Investing in Bulgaria's more established locations, such as Varna, Sofia or Barovets, may seem more expensive for the budget investor. But when you consider the headaches and additional expenses that come with renovating an old property in rural Bulgaria Wholesale Shawn Kelley Jersey , as well as the language difficulties, your budget buy could prove not to have been such a bargain after all! Also, these properties could very well be difficult to rent. Although Bulgaria is growing in popularity with eco-tourists, this tourist sector has not taken off to the same extent as the more traditional ski or sun holiday destinations.
Consequently Wholesale Matt Adams Jersey , the likelihood of property prices rising as dramatically in isolated areas is very slim. Even if property prices take a huge leap upon Bulgaria's entry to the EU in 2007, the chances are that they will increase in rural areas by 15-30% at most.
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