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Photo service exposes business figures : Pinterest submit a request for IPO

The Online photo service Pinterest is pushing ahead with preparations for its IPO. The Start-up from San Francisco wants to let its shares under the Ticker symbol "PINS" on the New York Stock Exchange lists, such as the on Friday with the U.S. securities and exchange Commission SEC filed IPO prospectus.

for the First time, the company disclosed in the application of its business figures: in 2018, the revenues for the year rose by 60 per cent to 755,9 million dollars. Pinterest writes in the red, the loss was reduced compared with the previous year of 130 million to $ 63 million (56 million euros).

In the fourth quarter of Pinterest has brought it to 265 million monthly active users. The photo service is understood as a kind of visual search engine, the user searches for ideas for the interior decoration or holidays, search and find pictures of your interests. Money Pinterest is a growing, mainly through advertising.

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go How much money the company wants to collect at the time of the IPO to investors, is still unclear. In the securities prospectus, a space is first stop in the amount of $ 100 million. The "Wall Street Journal" had reported in February, citing an Insider that Pinterest is aiming for an overall evaluation of at least twelve billion dollars. (dpa)

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