Home
Internet
Internet News
Pinterest Confidentially Files for IPO, Report Claims

Pinterest Confidentially Files for IPO, Report Claims n3q61

By Reuters | Updated: 22 February 2019 17:14 IST

Highlights

Pinterest could raise around $1.5 billion in the IPO
It was valued at $12 billion in its last fundraising round in 2017
Pinterest monetises its website through ments

ment

Online image search site Pinterest has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter. 5p2y3l

The company and its underwriters, led by Goldman Sachs Group and JPMorgan Chase & Co are planning for a late-June listing and is seeking a valuation of at least $12 billion (roughly Rs. 85,000 crores), the newspaper reported.

Pinterest could raise around $1.5 billion (roughly Rs. 10,600 crores) in the IPO, Reuters had reported in January, citing sources.

The company, which was valued at $12 billion in its last fundraising round in 2017, is among a host of technology startups with popular consumer brands gearing up for multi-billion IPOs in 2019, including Slack.

Pinterest monetises its website through ments, which it places among the "pins" that s put on the site.

The San Francisco-based company has grown rapidly since its founding in 2008, boasting 250 million monthly active s last September.

Pinterest told Reuters it did not comment on market rumours.

© Thomson Reuters 2019

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.