Scrap­book­ing web­site Pin­ter­est files for IPO

The Fresno Bee (Sunday) - - News -

Pin­ter­est is pin­ning its fu­ture on Wall Street, with the dig­i­tal scrap­book­ing site on Fri­day fil­ing for an ini­tial pub­lic of­fer­ing of stock.

Pin­ter­est said in its fil­ing that it in­tends to list it­self on the New York Stock Ex­change us­ing the ticker sym­bol “PINS.” The com­pany hasn’t yet said how many shares it’s sell­ing or how much money it in­tends to raise.

Pin­ter­est al­lows peo­ple to search for and “pin” im­ages as in­spi­ra­tion for fashion, in­te­rior de­sign, travel and other in­ter­ests.

The com­pany said it has more than 250 mil­lion users each month. It was last val­ued at $12.3 bil­lion in 2017.

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