Pinterest IPO Valuation
Digital Desk, San Francisco : One of the most popular Digital PIN Board Company Pinterest set a price range for its Initial Public Offering (IPO) on Monday that will value the company below the amount it reached in its last private valuation of $12 billions .
The maker of Online inspiration board Pinterest is offering 75 millions shares for $15 to $17 a piece . At the high end of the range , the business would be valued at about 11.3 billions accounting for stock options and restricted stocks .
San Francisco based digital pin company Pinterest was valued at $12 billion in 2017 by venture capitalists and other private investors . But , a stock market IPO opening valuation of Pinterest of less than $12 billion raises question about investors demands for these companies.
Earlier Pinterest revealed about $756 million in revenue from Online Advertisements in 2018 which almost 60% growth rates that accelerated from the year prior. Its net loss shrunk to $63 million in 2018 from $130 million in 2017. According to official report from Pinterest, almost 265 million people use the digital pin company at least once a month.
The Pinterest IPO Share sale will be led by banks including Goldman Sachs Group Inc. , JP Morgan Chase & Co. Pinterest applied to list on the New York Stock Exchange under the ticker PINS.