Pinterest: the perfect picture for Libertex traders
Following the recent incorporation of Lyft to its platform, Libertex continues to expand the list of assets for its clients. Today, 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.
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Libertex is an international brand with a twenty year history in financial markets and online commerce. Libertex provides investors with access to trading stocks, currencies, indices, commodities, gold, oil, gas and many other financial instruments. The Libertex team has more than 2,200,000 customers in Latin America, Europe and Asia owing to its first-class service. Libertex has more than 150 commercial instruments. In 2016, Libertex was recognized by Forex EXPO Awards as the best trading platform; and Global Banking and Finance Review named it the best trading application in the EAEU. In 2017-2018 Libertex was announced as Best trading application and Best cryptocurrency broker by Forex Awards.