Libertex trading platform continues to expand the list of assets for its clients after the recent incorporation of Lyft to its platform. The Libertex trading platform announces the launch of CFDs (contracts for difference) for Pinterest (PINS), valued at $10 bn after the IPO that took place this April 17th, 2019.
The IPO price, initially set at a range of $15 to $17, quickly moved on to $19, proving the interest of investors since the very first hours, and it’s easy to understand why just having a look at some key facts about the company founded in 2010 by Ben Silbermann, a former Google employee, and Evan Sharp, ex designer at Facebook:
250 million users every month, of which 83% are women who make 80% of total volume of purchases. In the US, the site is used for purchasing goods more often than any other social media. It is a perspective platform both for advertising and retail business with its own solutions for e-commerce.
At present, the rate of increase in Pinterest revenues amounts to 60% and given the growth forecast for digital ad market, Pinterest may become a very alluring candidate for investments.
Libertex, after the recently launched a new CFD for shares of Lyft Inc. (NASDAQ:LYFT) it seems that it will continue to expand the list of assets for its clients.