The social media website its IPO filing with the SEC on Monday, stating that it would sell 75 million shares at a range between $15 and $17 per share when the company goes public later this year. The company plans to raise about $1.5 billion in its initial offering of shares.
The announcement puts Pinterest’s valuation at a maximum of about $11.3 billion. The company’s , however, was pegged at $12.3 billion when it raised funding in 2017. Read more...More about Facebook, Pinterest, Ipo, Social Media, and Tech