Pinterest Sees 75M-Share IPO Pricing Between $15 And $17

Pinterest disclosed in a regulatory filing that it is offering 75M shares of stock at an expected price between $15.00 and $17.00 per share.

The Class A common stock has been approved for listing on the New York Stock Exchange under the symbol "PINS."

The company said,

"We have experienced significant growth over the last several years. For the year ended December 31, 2018, we generated revenue of $755.9 million, as compared to $472.9 million for the same period in 2017, representing year-over-year growth of 60%. For the year ended December 31, 2018, we generated a net loss of $63.0 million and Adjusted EBITDA of $(39.0) million, as compared to a net loss of $130.0 million and Adjusted EBITDA of $(93.0) million, respectively, in the same period in 2017."