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Pinterest raises $100 million in funding: WSJ
(Reuters) - Pinterest, the increasingly popular online bulletin board, raised $100 million in a financing round that values the U.S. start-up at $1.5 billion, the Wall Street Journal said, citing people familiar with the matter. The funding is led by Japanese e-commerce site Rakuten, with Pinterest's existing venture-capital investors such as Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners also participating, the report said. Pinterest could not immediately be reached by Reuters for comments. ... Factbox: Facebook's IPO: who gets rich?
SAN FRANCISCO (Reuters) - The rich are going to get richer when Silicon Valley's biggest IPO starts trading on Friday. Facebook this week raised the number of shares it intends to float by 25 percent to 421 million shares, and lifted the target price range to $34-$38 per share as investors clamored for a slice of the third-largest IPO in U.S. history. As a result, the No. 1 social network and its shareholders will now collectively reap more than $15 billion from the initial public offering - a $5 billion hike from early May, when Facebook sought an IPO of roughly $11 billion. ... Advertisement:
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