Pinterest having 250 million online users to issue IPO in 2019
February 22, 2019 | Investopaper
Pinterest which has more than 250 million monthly active users has confidentially filed to issue an IPO with the Securities and Exchange Commission. This was reported by the Wall Street Journal on Thursday.
The listing is expected to be at around late June and the company is looking for the valuation of at least $12 billion. The IPO will raise $1.5 billion through the IPO issue. The underwriters of the issue are Goldman Sachs Group Inc and JPMorgan Chase & Co.
Pinterest is an online image search site designed to discover information on the World Wide Web, mainly using images and, on a smaller scale, GIFs and videos.
Other popular companies who are planning to go public this year include Uber, Lyft, Airbnb, and Slack.