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

     
10:19 am on Feb 22, 2019 (gmt 0)

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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...]
7:42 pm on Feb 22, 2019 (gmt 0)

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Amazing that a company founded on other people's product can have such a valuation. Mindboggling. (why didn't I think of that?)
11:33 pm on Feb 22, 2019 (gmt 0)

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It is a brilliant but simple model. After the IPO settles down, Google will buy it further increasing its (illegal) monopoly.
12:42 am on Feb 23, 2019 (gmt 0)

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@cnvi ... look for a bill in your PM ... spewed a beer while reading your comment. I will need a new monitor!
12:49 am on Feb 23, 2019 (gmt 0)

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@tangor, so happy you enjoyed my precise divination. Iím happy to get you a new monitor - that CRT was dying anyway.
1:12 am on Feb 23, 2019 (gmt 0)

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