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Pinterest will hold an IPO

 Breaking News
Pinterest will hold an IPO
December 25
09:00 2018

According to Dow Jones, Pinterest, a photo-sharing service, is about to hold an IPO next year. Banks for its organization will be selected in January, but the process will take place in April. According to preliminary estimates, the company will cost 12 billion US dollars.

At the moment, the number of the resource users is 250 million. The main profit of Pinterest is advertising. The expected revenue for this year is approximately $ 700 million.

In addition to Pinterest, other service platforms Uber and Lyft are going to hold an IPO next year.

Pinterest is a platform where the users can upload and share their images. The service was created in 2010. It has a web interface, as well as applications for Android and iOS. More than 500 employees work for the company.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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