Pinterest just officially filed for an IPO
Hollis Johnson/Business Insider
- Pinterest, the social media site for "pinning" images and shopping, has publicly filed to go public in an IPO that could take place as soon as April.
- The company will list on the New York Stock Exchange under the ticker symbol "PINS," according to its S-1.
Pinterest, the social media site for "pinning" images and shopping, filed a public S-1 on Friday in preparation for an IPO that could take place as soon as April.The company will list on the New York Stock Exchange under the ticker symbol "PINS," according to its S-1.Advertisement
Though frequently compared to the cohort of social media sites including Facebook, Twitter and Instagram, Pinterest characterized itself in the S-1 as a place to "discover ideas" and focused on its identity as a place for "search."
The company brought in $755.9 million in revenue for 2018, up 60% from $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.This story is developing. Refresh for the latest update.
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