FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange, (NYSE) during the morning rush in the financial district in New York City, U.S., February 9, 2018. REUTERS/Brendan McDermid/File Photo (Reuters) - Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company and its underwriters, led by Goldman Sachs Group Inc and JPMorgan Chase & Co are planning for a late-June listing and is seeking a valuation of at least $12 billion, the newspaper reported. Pinterest could raise around $1.5 billion in the IPO, Reuters had reported in January, citing sources. The company, which was valued at $12 billion in its last fundraising round in 2017, is among a host of technology startups with popular consumer brands gearing up for multi-billion IPOs in 2019, including Uber, Lyft, AirBnB … [Read more...] about Pinterest confidentially files for IPO: WSJ
Pinterest Files Confidentially for IPO
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By Maureen Farrell WSJ Thu., Feb. 21, 2019 Pinterest Inc. has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering, according to people familiar with the matter, as the online-image search company joins a parade of highly valued technology startups planning to list their shares in 2019. The company and its underwriters, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., are eyeing a late-June listing, some of the people said. They warned that, as always with IPOs and unpredictable markets, the timing could shift. Pinterest is expected to seek a valuation in the public market of at least $12 billion—the level at which it most recently raised funding, some of the people said. Pinterest’s Chief Executive Ben Silbermann has said the company would look to debut in 2019 and The Wall Street Journal reported in December that it was preparing for an IPO that could take place as soon as April. … [Read more...] about Pinterest Files Confidentially for IPO
Pinterest has reportedly filed for an IPO
Pinterest has filed a confidential S-1 and has its eye on a June IPO, according to the Wall Street Journal. The company hired Goldman Sachs Group and JPMorgan Chase as its lead banks, according to the report. The company could seek a valuation of $US12 billion, according the report. This story is developing. Refresh for the latest update. Business Insider Emails & Alerts Site highlights each day to your inbox. Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram. … [Read more...] about Pinterest has reportedly filed for an IPO
Pinterest Blocks Vaccination Searches
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By Robert McMillan WSJ Daniela Hernandez WSJ Wed., Feb. 20, 2019 Pinterest has stopped returning search results for terms relating to vaccinations, a drastic step the social-media company says is aimed at curbing the spread of misinformation but one that demonstrates the power tech companies can exert to control the conversation around hot-button issues. Most shared images on Pinterest relating to vaccination cautioned against it, contradicting established medical guidelines and research showing that vaccines are safe, Pinterest said. The image-searching platform tried to remove the antivaccination content, a Pinterest spokeswoman said, but has been unable to remove it completely. Pinterest described the search ban—which the company hasn’t previously publicly discussed but went into effect late last year—as a temporary but necessary measure until it can develop better strategies to sift through what it calls “polluted” content. … [Read more...] about Pinterest Blocks Vaccination Searches
Pinterest taps Goldman Sachs, JPMorgan to lead IPO
By Joshua Franklin and Carl O'Donnell (Reuters) - Pinterest, the owner of the image search website known for the food and fashion photos that its users post, has hired Goldman Sachs Group Inc and JPMorgan Chase & Co to lead its initial public offering (IPO) later this year, people familiar with the matter said on Tuesday. Pinterest's IPO preparations come at a time when social media companies such as Facebook Inc Twitter Inc are under fire from politicians for concerns about privacy and political bias, challenges that Pinterest has avoided. Pinterest could raise around $1.5 billion (£1.1 billion) in the IPO, which is likely to come in the first six months of 2019, the sources said, requesting anonymity to discuss the planning arrangements. Pinterest, Goldman Sachs and JPMorgan declined to comment. Pinterest, which was valued at $12 billion in its last fundraising round in 2017, is among a host of technology startups with popular consumer brands gearing up for multi-billion … [Read more...] about Pinterest taps Goldman Sachs, JPMorgan to lead IPO