Pinterest taps Goldman Sachs, JPMorgan to lead IPO

Pinterest, the image collective social media platform, has hired Goldman Sachs and JPMorgan with regards to going public in the first six months of 2019. 

The San Francisco-based company was founded in 2008 and claims to have 250 million monthly active users. It is experiencing strong growth, reporting revenue of $700 million for 2018, which was 50% higher than 2017.

Pinterest was valued at $12 billion in its last fundraising round in 2017 and could be set to raise around $1.5 billion (£1.1 billion) in the IPO.

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