Report: Pinterest Files for IPO at a Valuation of $12 billion

[engine]

According to a report in the WSJ, Pinterest has filed for an IPO with the S.E.C. and the valuation is expected to be at least $12 billion.

Pinterest and its underwriters, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., are eyeing a late-June listing, according to people close to the deal. They warned that, as always with IPOs and unpredictable markets, the timing or valuation could shift. Pinterest most recently raised funding privately at a valuation of $12 billion.

[wsj.com...]

[tangor]

Amazing that a company founded on other people's product can have such a valuation. Mindboggling. (why didn't I think of that?)

[cnvi]

It is a brilliant but simple model. After the IPO settles down, Google will buy it further increasing its (illegal) monopoly.

[tangor]

@cnvi ... look for a bill in your PM ... spewed a beer while reading your comment. I will need a new monitor!

[cnvi]

@tangor, so happy you enjoyed my precise divination. I’m happy to get you a new monitor - that CRT was dying anyway.

[tangor]

What? It was a 72" 4k and you will owe me a beer, too! :)