Pinterest Plans IPO valued at $12B

Pinterest has filed confidential registration for an initial public offering in the U.S., with the eye toward a Wall Street listing under the ticker PINS. The prospectus signals a valuation around $12 billion, aligning with its recent financing rounds, though specific fundraising targets remain unclear (the placeholder listing shows $100 million). In 2018, Pinterest reported revenue of $756 million, a 60% rise from 2017, and a net loss of $63 million, improving from a $130 million loss the year before. The company also disclosed that advertising revenue surpassed $700 million in 2018. It warns of dependence on Google and Facebook, noting possible user loss if login or search practices change. The timing of the IPO remains uncertain, but media have linked the filing to an eventual June listing, underscoring Pinterest’s pivot around visual content while markets assess demand.