Pinterest drops its IPO filing

Pinterest drops its IPO filing

Pinterest, the nearly decade-old visual search engine, has unveiled its S-1 as it prepares for an initial public offering expected in April. Valued at $12.3 billion in 2017, Pinterest took its first official step toward a 2019 IPO two months ago, hiring Goldman Sachs and JPMorgan Chase as lead underwriters for its NYSE offering. In total, Pinterest has posted $1.525 billion in revenue since 2016.