TECH

Pinterest asked to go public and is valued at $12bi

According to The Wall Street Journal, quoted by Business Insider, Pinterest, the famous social network specialist in photo sharing will have made a request for an initial public offering for the listing, scheduled for June. The IPO will have guaranteed the company a valuation of US $ 12 billion (based on the 2017 assessment, after a round of financing).
To lead the process, the social network will have asked Goldman Sachs and JPMorgan Chase to take over the process that will lead Ben Silbermann's technology to parade on Wall Street. Despite the expected date of June for completion of the process, market unpredictability and some change on Wall Street may change that date. Also, in recent months, technology has drastically oscillated the operations of the exchange. Also, shutdown, which partially paralyzed US public administration in the months of December and January, had an impact on stock market operations.
Pinterest was born in 2008 in Silicon Valley, and is a social network that has been growing in recent years, having in September 2018 reached the mark of 250 active users per month. The company earned $ 700 million last year, with revenues generated from advertising placed on the social network. The figure corresponds to an increase of 50% over the previous year.
The social network joins other technology companies that have also made the confidential request for entry into the stock market, such as Lyft, Postmates and Uber, in proceedings that will unfold during 2019. Sapo/mundophone