Pinterest Readies Itself for Early 2019 IPO - Niroka Tech


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Wednesday, January 16, 2019

Pinterest Readies Itself for Early 2019 IPO

Pinterest Inc. is actively preparing for a public offering that could come as early as April, according to people familiar with the company's plans, the latest in a line of technology companies that are stepping up their IPO plans.

They said Banterest told bankers he could choose his list of eligible applicants to run the IPO as early as January. It could provide an overall market valuation of more than $ 12 billion - the level recently raised by funding, some people said. Assessments can change until a company sells its initial public offerings.

In September, Pinterest exceeded more than 250 million active users per month, visiting the site to browse billions of photos on topics ranging from living room furniture to dinner recipes and tattoos. The company generates revenue from advertising spread across its website and is expected to generate revenues of over $ 700 million this year, up 50% over the previous year, according to a person familiar with the matter.

Brentrust CEO Ben Silberman said earlier that the company would target its shares in 2019.
Benitech's CEO Ben Silberman said earlier that the company would target its shares in 2019. Photo: YANA PASKOVA / BLOOMBERG NEWS
If Pinterest moves forward with an initial public offering in the first half of 2019, it will join a group of high-value start-ups, such as Uber Technologies Inc. And Lyft Inc. , Which has been private for years, and is now preparing to compete next year.

The CEO of Benetrist Ben Silberman said the company would be looking for the first time in 2019, without being more specific.

Bankers and consultants say some companies have stepped up preparations for the initial public offering to prepare for the IPO in the first half due to fears of a massive sell-off next year. The Wall Street Journal reported that Ober and Lift have recently secretly filed the securities with the Securities and Exchange Commission for initial IPOs, which could come as early as early 2019.

Pinterest is also in talks with banks to get a credit limit that could amount to about $ 500 million, they say. Companies tend to take such steps before the initial public offering, and banks are often encouraged to lend to companies in the run-up to the IPO. Banterest recently contacted a number of major banks, wondering how willing he was to comply with loans and under what conditions, people said.

The initial IPO market has been hospitable for fast-growing technology companies - even those that are losing money. On average, shares of newly listed technology companies in the United States rose an average of 4.2% this year, according to the Dealogic index, beating annual gains in broader equity indices. So far this year, 55 technology companies have first appeared on US stock exchanges, raising $ 20.9 billion, according to Delogic. This is more than the technology companies raised for full years in 2015, 2016 and 2017, but less than 2014.

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