# Pinterest — Capital Time Machine

Explore the transition from preferred shares to public markets.

Canonical citation: https://capitaltimemachine.com/private/pinterest

Dataset revision: ctm-research-2026-10-01; evidence register reviewed: 2026-09-19. Each observation retains its own check date.

Publisher: CapitalTimeMachine. Methodology: https://capitaltimemachine.com/methodology



## What this supports

One reviewed Series H path with a sourced year-end close. Purchase and sale eligibility remain unknown.

## Limitations

- Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest.

- Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter.

- IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established.

- User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded.

- Selected surviving companies are not representative of private-market outcomes; investments may lose all value.

## Sourced observations

### PINS-H — Series H

Value: 21.537276 USD; scope: per_share_issuance_price

Date: 2017-06; precision: month; role: reported_issuance_month; actual investment date: not established

Security: Series H preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

Published six-decimal price. No second reverse-split adjustment.

Source: [SEC · Pinterest filing — Final IPO prospectus](https://www.sec.gov/Archives/edgar/data/1506293/000119312519111067/d697629d424b4.htm)

Source location: Prospectus: statements of equity; Note 1 Stock Split; Note 10 original purchase prices

Citation: https://capitaltimemachine.com/private/pinterest#PINS-H

### PINS-OFFER — IPO offer

Value: 19.00 USD; scope: public_offer_price_per_share

Date: 2019-04-23; precision: day; role: offering_completion; actual investment date: not established

Security: Class A common; share basis: undefined

Verification: primary_verified; checked: 2026-09-17

Offer-price mark, not an assumed sale.

Source: [SEC · Pinterest filing — 2019 Form 10-K](https://www.sec.gov/Archives/edgar/data/1506293/000150629320000013/pins-20191231.htm)

Source location: Note 1: Initial Public Offering

Citation: https://capitaltimemachine.com/private/pinterest#PINS-OFFER

## Calculation options

{
  "early_stage_assumptions": null,
  "ipo_offer_models": [
    {
      "id": "PINS-H-IPO",
      "company": "pinterest",
      "start": "PINS-H",
      "end": "PINS-OFFER",
      "label": "Series H → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Series H converts 1:1 to Class B, with 1:1 Class A equivalents. The 2019 one-for-three reverse split is already reflected in the filing price.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1506293/000150629320000013/pins-20191231.htm",
      "source_locators": [
        "Prospectus: statements of equity; Note 1 Stock Split; Note 10 original purchase prices",
        "2019 Form 10-K Note 1; 2020 proxy Equity Compensation Plan Information footnote 2"
      ]
    }
  ],
  "valuation_comparisons": [],
  "user_entered_private_prices": false,
  "entered_public_price_review": {
    "company": "pinterest",
    "ticker": "PINS",
    "issuer_cik": "1506293",
    "model_ids": [
      "PINS-H-IPO"
    ],
    "from_date": "2024-06-10",
    "through_date": "2026-09-19",
    "reviewed_on": "2026-09-19",
    "status": "reviewed_user_price_scenario",
    "historical_only": false,
    "limitation": "Entered price is unverified. Use the actual common-share price on its dated basis, not a dividend-adjusted or retrospectively split-adjusted history.",
    "listed_equivalent_factor": "1",
    "splits": [],
    "sources": [
      {
        "url": "https://www.sec.gov/Archives/edgar/data/1506293/000150629320000013/pins-20191231.htm",
        "title": "Original IPO share basis",
        "locator": "Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion."
      },
      {
        "url": "https://www.sec.gov/Archives/edgar/data/1506293/000150629326000104/pins-20260630.htm",
        "title": "Issuer 10-Q · 2026-08-04",
        "locator": "Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history."
      },
      {
        "url": "https://www.stocksplithistory.com/?symbol=PINS",
        "title": "Supplemental split-history screen",
        "locator": "Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied."
      }
    ],
    "review_note": "Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed."
  },
  "public_ipo": null
}

## Reuse and corrections

Link to the company page and original evidence, retain dates, units and limitations. Third-party source terms remain applicable; no new license to third-party material is granted. https://capitaltimemachine.com/terms

Corrections: mailto:capitaltimemachine@gmail.com