Deals
Pinterest Seeks Up to $1.28 Billion in IPO, Below 2017 Value
- Listing could value company at $9 billion at top of range
- Losses narrowed in 2018 as revenue from advertising grew
This article is for subscribers only.
Pinterest Inc. is seeking to raise as much as $1.28 billion in an U.S. initial public offering that could value the company below the amount it reached in its last private valuation.
The maker of online inspiration boards is offering 75 million shares for $15 to $17 apiece, according to a filing Monday. Based on the total number of Class A and Class B shares outstanding after the offering, if it priced at the top of the range, that would give Pinterest a market valuation of about $9 billion, according to data compiled by Bloomberg. Its fully diluted value could be higher.