X
X
Top

Pinterest officially filed for an IPO

Pinterest officially filed for an IPO
x
Highlights

  • Pinterest, the site for "pinning" images and shopping, has publicly filed for an IPO, most probably in April
  • The social media site will be listed on the New York Stock Exchange under the ticker symbol "PINS," according to its S-1

Pinterest, the social media site to "pinning" images and purchases, filed a public S-1 on Friday in preparation for an IPO that could take place in April.

The company will be listed on the New York Stock Exchange under the symbol "PINS", according to its S-1.

Although frequently compared to the cohort of social networking sites such as Facebook, Twitter and Instagram, Pinterest was characterized in the S-1 as a place to "discover ideas" and focused on its identity as a place to "search".

The company generated $ 755.9 million in revenues for 2018, 60% more than the $ 472.9 million in 2017. But the company is still losing money. It had a net loss of $ 63 million in 2018, compared to a loss of $ 130 million in 2017.

Show Full Article
Print Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
Subscribed Failed...
Subscribed Successfully...
Next Story
More Stories