CySEC licensed online trading platform Libertex announced that it has added to its platform 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. The company was founded by Ben Silbermann, a former Google employee, and Evan Sharp, ex designer at Facebook. Since its launch in 2010, Pinterest has seen 250 million users every month, of which 83% are women who make 80% of total volume of purchases. The site is used for purchasing goods more often than any other social media in the US.
At present, the rate of increase in Pinterest revenues amounts to 60%.
Libertex, on the other hand, has recently launched a new CFD for shares of Lyft Inc. (NASDAQ:LYFT) and pretty much seems that it will continue to expand the list of assets for its clients.