Digital scrapbooking site Pinterest files for IPO

phys.org | 3/22/2019 | Staff
ArceusArceus (Posted by) Level 3
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Digital scrapbooking site Pinterest on Friday filed for an initial public offering of stock.

It follows a similar filing with securities regulators earlier this month by ride-hailing company Lyft in what is shaping up to be a busy season for technology IPOs. Also expected to sell stock to the public in the coming weeks: Lyft rival Uber and messaging app Slack.

Pinterest - Filing - New - York - Stock

Pinterest said in its filing that it intends to list itself on the New York Stock Exchange using the ticker symbol "PINS." The company hasn't yet said how many shares it's selling in the IPO or how much money it intends to raise.

The San Francisco-based company had revenue of $756 million and a loss of $63 million last year. Pinterest allows people to search for...
(Excerpt) Read more at: phys.org
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