Pinterest filed for an initial public offering Friday amid a burst of activity among soon-to-list technology-related companies.
Pinterest said it has experienced “significant growth” in users and monetization over the last several years.
Pinterest plans to list its shares as soon as April, a person familiar with the matter said Thursday.The proposed terms of the share sale won’t be disclosed until a later filing, but people familiar with the matter have said the San Francisco company could raise about $1.5 billion in an IPO valuing it at $12 billion or more.
Pinterest raised $150 million in a private funding round in 2017 for a total valuation of about $12.3 billion. It confidentially shared its IPO plans with the Securities and Exchange Commission earlier this year.
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