Pinterest IPO Plans Shift Into High Gear With Filing
Pinterest on Friday filed for an initial public offering with the Securities and Exchange Commission, following a number of other major companies forging ahead with plans to go public.
Also filing with the SEC on Friday for its IPO is Zoom, a provider of video conferencing software and services.
Pinterest filed its S-1 prospectus with the SEC, which shows that revenue in 2018 reached $755.9 million, up 60% from the year-ago period, with a net loss of $63 million. It ended the year with 265 million monthly active users, up from 250 million in September.
The Pinterest IPO filing said it seeks to raise $100 million, but that is a considered a placeholder for what is expected to be a much larger offering. It plans to list on the New York Stock Exchange under the ticker PINS.
Private market investors have valued Pinterest at $12 billion.
The Pinterest and Zoom IPO filings follow similar plans of Lyft and Uber Technologies that are coming up.
Lyft will price its IPO Thursday and begin trading Friday. The Uber IPO is expected in April
More to follow.
Please follow Brian Deagon on Twitter at @IBD_BDeagon for more on tech stocks, analysis and financial markets
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