The visual search engine has confidentially submitted paperwork to the Securities and Exchange Commission for an initial public offering slated for later this year, the WSJ reports.
Source: techcrunch.com
Pinterest Inc. has filed for an initial public offering with the U.S. Securities Exchange Commission. The visual social media web and mobile application company operates a software system designed to discover information on the World Wide Web, mainly using images, GIFs and videos. The expected valuation for the Company is at least $12 billion. Goldman Sachs Group Inc. and JPMorgan Chase & Co. will lead the IPO.
