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Pinterest Files Confidentially for IPO – The Wall Street Journal

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Pinterest, which launched in 2010, surpassed 250 million monthly active users in September.

Pinterest, which launched in 2010, surpassed 250 million monthly active users in September.


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Andrew Harrer/Bloomberg News

Pinterest Inc. has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering that is expected to value the company, which operates a platform for online-image searches, at $12 billion or more as it joins a parade of hot tech startups planning share debuts in 2019.

The filing is the latest example of a rush to the public markets by highly valued technology companies including ride-hailing service providers Lyft Inc. and Uber Technologies Inc., which have both also filed confidentially for listings. Such companies had for years shied away from public markets—a luxury afforded them by a surfeit of private capital—but in recent months the tide has turned.