• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

3

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’

1

The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

2

Richard Branson double-booked his own job interview. The candidate stuck in traffic with him for 2.5 hours is now Virgin's CEO

3

IBM’s CEO disagrees with JPMorgan CEO Jamie Dimon’s disdain for texting in meetings: ‘Telling people they can't use their technology would be weird’
TechPinterest

Pinterest, Valued Near $12 Billion, Files for an April IPO

By
Kevin Kelleher
Kevin Kelleher
Down Arrow Button Icon
By
Kevin Kelleher
Kevin Kelleher
Down Arrow Button Icon
March 22, 2019, 5:43 PM ET
Add Fortune on Google for similar content.

Pinterest filed documents to go public with the Securities and Exchange Commission late Friday, joining other tech-unicorn peers such as Uber and Lyft in what is becoming a crowded IPO pipeline.

The social-media company, last valued at $12.3 billion in a June 2017 private round of financing, was reportedly bumping up its timing for a stock offering to take advantage of demand for tech IPOs that was strong enough to make for high company valuations. Pinterest, which filed confidentially to go public, now plans an April listing on the New York Stock Exchange under the ticker “PINS.”

Pinterest’s social network allows users to “pin” images to a kind of digital scrapbook in their accounts, making it popular among interior and fashion designers, shoppers, and vacation planners. The company has also introduced A.I.-based features such as Lens, a “visual search engine” that allows users to take pictures of clothes or other items to generate similar or complementary images.

“Our mission is to bring everyone the inspiration to create a life they love,” Pinterest said in its S-1 prospectus, although investors will be more interested in its financial performance than such high-minded sentiments. The company saw revenue grow 60% to $755.9 million last year, posting a net loss of $63 million, or 17 cents per pre-IPO share. At the end of 2018, Pinterest reported 265 million users and more than 175 billion “pins” saved to its platform.

Pinterest’s rushed IPO plan may push it ahead of some but not all tech IPOs in the pipeline. Ride-sharing company Lyft is expected to go public next week and the company is valued at around $21 billion. Uber is said to be planning to file its S-1 in April, likely putting its IPO after those of Lyft and Pinterest. Uber is expected to go public at a valuation between $100 billion and $120 billion. Other tech companies that have filed confidentially or are planning IPOs in coming months are Slack, Palantir and Zoom.

About the Author
By Kevin Kelleher
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Tech


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.