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Pinterest sharing website has set a price range of $ 15 to $ 17 per share for its initial public offering of 75 million shares, according to a filing filed Monday with the US Securities and Exchange Commission .
At the top of its target range, the company would be valued at $ 9 billion and could generate net proceeds of $ 1.3 billion.
Pinterest, valued at $ 12 billion in its last round of fundraising in 2017, will feature under the ticker symbol "PINS" on the New York Stock Exchange.
Reuters announced in January that Pinterest could raise about $ 1.5 billion and that the IPO is expected to take place in the first six months of 2019.
The company announced annual sales of $ 755.9 million in 2018, up 60% over the previous year. But it remains unprofitable even though its net loss declined to $ 62.97 million in 2018, up from $ 130 million a year earlier.
The company will go public with a two-class share structure to focus voting rights with class B shareholders, including co-founder, president and chief executive officer Benjamin Silbermann.
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