Stock market quotes, forex, financial news, forex tools – money-investing.com

Pinterest will hold an IPO

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
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

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment