Pinterest officially filed for an IPO
Update: 2019-03-23 10:31 IST
Pinterest, the social media site to "pinning" images and purchases, filed a public S-1 on Friday in preparation for an IPO that could take place in April.
The company will be listed on the New York Stock Exchange under the symbol "PINS", according to its S-1.
Although frequently compared to the cohort of social networking sites such as Facebook, Twitter and Instagram, Pinterest was characterized in the S-1 as a place to "discover ideas" and focused on its identity as a place to "search".
The company generated $ 755.9 million in revenues for 2018, 60% more than the $ 472.9 million in 2017. But the company is still losing money. It had a net loss of $ 63 million in 2018, compared to a loss of $ 130 million in 2017.