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Buz Investors Pinterest IPO If 2017 is going to be a major year for big-tech initial public offerings (IPOs), then it’s going to need more moves from companies like Pinterest, Inc.
With the Snap Inc. IPO leading the way, many investors are hoping that Snap (which runs “Snapchat”) is the first domino to fall, and are hoping that many other leading private tech companies will take their business to the open market. That hope includes the potentially juicy Pinterest IPO.
The Pinterest IPO valuation sits at about $11.0 billion after raising $1.3 billion in funding. The company boasts 150 million worldwide users, up from 100 million in September 2015. These two factors alone contribute to what many consider one of the strongest potential new tech stocks to have an IPO. (Source: “Pinterest CEO Affirms $300 Million in Revenue in 2016,” The Wall Street Journal, October 26, 2016.)
In a more recent interview in January, Silbermann once again declined to give an indication one way or the other concerning a Pinterest IPO. “We’re just right now focused on building the business,” he said. (Source: “Pinterest’s Ben Silbermann Looks Ahead,” Wall Street Journal, January 13, 2017.)
But there are signs that the company is angling toward a Pinterest IPO in 2017. The social media app initiated a design overhaul last spring, hired a chief financial officer last fall, and has recently put more of an emphasis on revenue generation, all of which could be the foundations for an IPO filing. The $11.0-billion Pinterest valuation also puts it among some of the top private tech companies in the world.
Whether Pinterest files for an IPO this year or next, the company is still full of value and is in one of the more favorable tech IPO positions, even when compared to other IPOs potentially in the 2017 cohort.
While Snapchat has to fend off “Instagram’s” bald-faced attempts to copy its features, AirBnB, Inc.faces legal troubles, and Palantir Technologies’ executive is on record saying that he does not like the idea of going public, Pinterest faces none of these challenges.
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