Pinterest, the 19-year-old visual search engine, has revealed its S-1 as it prepares a first public tender that is expected in April.
Elected at 12.3 billion. Dollars in 2017 took Pinterest its first official step against a 2019 IPO two months ago, hiring Goldman Sachs and JPMorgan Chase as leading insurers for its NYSE offer. Now it gives us a closer look at its economy.
The San Francisco-based company trading under the ticker symbol "PINS" had a turnover of 755.9 million. $ In the year ending December 31
In total, Pinterest paid $ 1,525 billion. Dollars in revenue since 2016.
Pinterest has likewise raised about 1.5 billion. USD from VCs, listing both early and late stage investors on its cap table. The company's key stakeholders include Bessemer Venture Partners, FirstMark Capital, Andreessen Horowitz, Fidelity and Valiant Capital Partners, although the filing does not indicate the percentage of each of these units.
Pinterest counts more than 250 million monthly active users bringing in $ 700 million in advertising revenue in 2018, per year. report, an increase of 50 percent compared to the previous year. The company employs 1,600 people in 13 cities, including Chicago, London, Paris, São Paulo, Berlin and Tokyo. Upon filing, Pinterest has signed a lease for a brand new San Francisco headquarters that will be built near its current HQ.
The company's global average earnings per. User (ARPU) in the year ended December 31, 2018 was $ 3.14, up 25 percent YoY. Its US ARPU meanwhile set $ 9.04, an increase of 47 percent from the previous year.
Pinterest arose in 2010 as a buzzy social media startup and mobile app designed to share inspirational images and quotes. Under the leadership of co-founder and CEO Ben Silbermann, it has expanded over the years as it has tried to make money on the platform, which depends on the ad service remaining fluid. In the fall, in an attempt to turn more of its users into shoppers (and compete with Instagram), the company rebuilt the infrastructure behind its product pins. The update brought app-up-to-date pricing and inventory information to all product links linked directly to resellers, a new "Products like this" category under each mode and home gadget and other user-friendly tweaks.
Pinterest's IPO paperwork occurred just hours after another tech unicorn, Zoom, filed to go public. Several technologies in billions of dollars have chosen to choose IPO in 2019, even after a week-long public shutdown resulted in a considerable delay in offers. Pinterest follows the lift, which revealed its S-1 and nearly $ 1 billion in the 2018 loss just three weeks ago. Uber and Slack are both expected to make their IPO papers available to the public soon.
Pinterest may benefit from the 2019 IPO hype speculated by Uber and Lyft, although the Information has previously reported that Pinterest's offer liked because it is a social media company, which means that it is often compared to e.g. Facebook and Twitter, a few companies that have repeatedly raised concerns about users' privacy.
We have to wait a few weeks for a better understanding of Wall Street's demand for Pinterest. If it's something like Lift's IPO that is already over-subscribed, the company goes just fine.
This story is updated.