Pinterest May Go Public As Early As April 2019

Pinterest To Go Public in 2019. What does this mean for your organic Pinterest marketing reach?
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Pinterest may follow Lyft and Uber to the public markets in the first half of 2019, according to a report from The Wall Street Journal.

The visual search engine and shopping tool is expected to tap underwriters in January and complete an initial public offering as soon as April. The company was valued at just over $12 billion with its last private fundraise, a $150 million round in mid-2017, and is on pace to bring in $700 million in revenue this year.

The company, founded in 2008 by Ben Silbermann (pictured), is also in talks to secure a $500 million credit line, per the report, not an uncommon move for a pre-IPO giant like Pinterest.

Pinterest recently reached 250 million monthly active users, up from 200 million in 2017.

 

Read More: Originally Posted on techcrunch.com

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