Pinterest files for an initial public offering on NYSE

Digital Album Pinterest has filed a first public offering of shares, joining what should be a busy IPO season for technology stocks. Pinterest is a great site for so-called influencers, who use it especially to brag about fashion, interior design and travel tips.

Pinterest announced Friday that it would be listed on the New York Stock Exchange under the symbol "PINS". The file did not specify the amount of the request to exercise or the number of shares available. Based in San Francisco, Pinterest achieved a business turnover of $ 756 million last year, up 60% from 2017, representing a $ 63 million loss. However, the loss was down from the massive losses of $ 130 million in 2017.

The company has raised $ 1.5 million from previous investors and has a valuation of $ 12.3 billion, according to PitchBook Data. Pinterest claims that 250 million users explore the site each month. The main source of revenue for Pinterest is the advertising of companies that offer pins to users looking for specific items or experiences.