trending Market Intelligence /marketintelligence/en/news-insights/trending/HmRmEHJedrfQtfc2w6AaaA2 content esgSubNav
In This List

Report: Pinterest accelerates IPO process, plans to list by mid-April

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Report: Pinterest accelerates IPO process, plans to list by mid-April

U.S. online image search company Pinterest Inc., has accelerated its initial public offering process, The Wall Street Journal reported March 21, citing sources close to the matter.

Pinterest aims to go public on the New York Stock Exchange by mid-April, and make its IPO filing public as early as March 22, though the timing of the filing and IPO agenda might change, according to the report. The social media company plans to list with a dual-class structure to give current backers more votes per share, sources cited in the report said.

The startup, valued at US$12 billion in a 2017 funding round, confidentially filed to go public on the NYSE Feb. 22 and was originally targeting a late-June listing.

Meanwhile, ride-hailing startup Uber Technologies Inc. has also chosen the New York exchange for its April listing, and rival company Lyft Inc. is reportedly planning to list soon as well.