Pinterest IPO Plans Move Ahead With Confidential Filing [Investor's Business Daily]
JP Morgan Chase & Co. (JPM)
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Source: Investors Business Daily
Pinterest has confidentially filed for an initial public offering and is reportedly seeking a valuation of at least $12 billion, a report said Thursday. The Pinterest IPO plans join a growing list of high-profile companies expected to go public this year. The company is working with Goldman Sachs and JPMorgan Chase on the IPO and expects to go public in June, depending on market conditions, according to a report from the Wall Street Journal . Pinterest, which launched in 2010, generates revenue from ads scattered across its site. Revenue exceeded $700 million in 2018, up 50% from the prior year, the Journal reported. In September, Pinterest topped 250 million monthly active users. Pinterest users browse the social media site to post photos and images shared on a wide range of topics. The Pinterest IPO revelation comes a day after it was reported that Lyft is gearing up for an initial public offering. Lyft plans to launch an informative roadshow for institutional investors during the w
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