TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Pinterest planning 2019 stock market debut: Report

  • News Desk

    Agence France-Presse

San Francisco, United States   /   Thu, December 20, 2018   /   10:56 am
Pinterest planning 2019 stock market debut: Report Pinterest now has more than 175 billion Pins to explore, which increased 75 percent compared with the previous year. (Shutterstock/File)

Popular online bulletin board Pinterest is getting ready for a stock market debut early next year at a valuation of $12 billion or more, according to a Wall Street Journal report.

The San Francisco-based startup could have an initial public offering of shares as soon as April, according to Journal, which did not name sources for the information.

Pinterest is a virtual bulletin board platform, with users decorating their boards with pictures showcasing interests in a variety of areas, including food, fashion and travel.

It boasts more than 250 million monthly active users, with most of those "pinners" outside the United States.

Pinterest sees itself as being at the crossroads of social networking and online search, with users consulting it when seeking out products or services.

The eight-year-old company seems to have avoided vexations that internet titans such as Facebook and Twitter have experienced regarding hateful or abusive content.

Pinterest brings in money from playing a role in online shopping and from advertising, but has not publicly shared details regarding how well those efforts have been paying off.

The company pushes hard into e-commerce by enabling people to use smartphones to identify products they might wish to pursue.

Ride-hailing firms Lyft and Uber are also reportedly aiming to go public next year with initial public offerings of stock in what promise to be multibillion-dollar market debuts.