Pinterest is preparing for the IPO, dreaming about a $ 12 billion sign



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Pinterest is preparing for the IPO, dreaming about a $ 12 billion sign

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The company plans to sell 75 million shares in the New York Stock Exchange IPO is one of the most advanced this year. Pinterest, the popular social network and photo hosting service, announcing the IPO range of its stock market shares.

Within the IPO, the company plans to sell 75 million shares at a price of $ 15 to $ 17 per share, Reuters reported. If Pinterest can attract the maximum planned volume, or $ 1.3 billion, its market capitalization will amount to $ 9 billion. For comparison, in 2017, investors rated the company $ 12.3 billion.

The Wall Street Journal notes that Pinterest will seek the estimated $ 12 billion in its first public bid. The company plans to launch stock market shares in New York with pinch pin, but the conditions are still unknown. Pinterest’s service allows storing and sharing image collections, and also offers photo descriptions.

Users can tag the desired images and create themed collections. In September. Audience Pinterest exceeded 250 million people, and 50 million subscribers joined the network for a year. Since its inception in 2009, Pinterest has attracted a total of $ 1.5 billion in investment.

Company revenue for 2018 amounted to $ 755.9 million, or 60% more than a year ago. The net loss dropped twice – from 130 to 62.97 million dollars.

Pinterest is preparing for the IPO, dreaming about a $ 12 billion sign



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