Marijuana IPO Soars   It seems we can put to bed the fear that was plaguing the marijuana market following the massive drops in a lot of companies over the past few weeks. MedReleaf Corp (TSE:LEAF) was valued at $636.0 million when i

Largest North American Marijuana IPO Soars in First Week

The Biggest Marijuana IPO in History Continues to Grow

Marijuana IPO Soars   It seems we can put to bed the fear that was plaguing the marijuana market following the massive drops in a lot of companies over the past few weeks. MedReleaf Corp <span data-recalc-dims=(TSE:LEAF) was valued at $636.0 million when i" width="300" height="200" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Marijuana-IPO-300x200-Small.jpg?resize=300%2C200 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/06/Marijuana-IPO-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS Marijuana IPO Soars   It seems we can put to bed the fear that was plaguing the marijuana market following the massive drops in a lot of companies over the past few weeks. MedReleaf Corp (TSE:LEAF) was valued at $636.0 million when it went public on May 30, making the company the largest marijuana IPO ever to hit North America, and it hasn’t slowed since.

It is especially good news that LEAF stock is performing well so far, considering the downturn many marijuana stocks faced in recent days, and the belief that the marijuana bubble may have finally popped.

Marijuana IPO Soars

 

Since its IPO, MedReleaf has gained 25% in its share price, representing a massive surge in a short period of time. While many marijuana plays are looking to be more long-haul buys (something I’ve advocated for a while now), LEAF stock may be a short-term play, or at least, more open to short-term buy and sell action.

The Future of the Marijuana Industry 

There’s no use repeating the gaudy sales numbers that many are projecting for marijuana. We all know about the billions in sales projected, the strong growth numbers, and the stock rush that will take place as more states and countries legalize the drug for both medicinal and recreational usage.

But for all the marijuana backers, there are marijuana doubters. That’s why the largest marijuana IPO in history is important.

While relying on projections means playing the long game, as hype and enthusiasm will lead to a repeated boom and bust cycle in the market until laws are passed and we see solid numbers, MedReleaf going public was a good reminder of the potential moves you can make on the marijuana stock market.

 

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BUZ INVESTORS Snap Ups the Ante (NYSE:SNAP) has had enough of Facebook Inc (NASDAQ:FB) building its clones over and over again. Following last week’s introduction by Facebook of new “

Snap shares fall to $17 IPO price for the first time

Snap shares fall to $17 IPO price for the first time

BUZ INVESTORS  Snap shares fall to $17   Snap Inc. SNAP, -4.22% hit the company’s initial public offering issue price of $17 for the first time Thursday. Shares were down 4.3% Thursday afternoon, and bounced back slightly to hover above the IPO price. Snap started trading on March 2. It had climbed as much as 73% above its IPO price at $29.44 in intraday trade on March 3. The highest closing price of $27.09, also on March 3, was 59% above the IPO price.

Snap shares fall to $17

 

Snap (NYSE:SNAP) shares drop to $17 this afternoon, marking the first time the company has hit its IPO price since the launch.

Monetization concerns, advertising problems, and questions about active user numbers have all plagued Snap recently.

Snap shares are down 4.37%

Business Description

Industry: Online Media » Internet Content & Information    NAICS: 519130    SIC: 7375
Compare: OTCPK:(YAHOY), NAS:(WB), NYSE:(TWTR), NAS:(VRSN), NAS:(MOMO), OTCPK:(MTHRF),

NAS:(YNDX), NAS:(IAC), NYSE:(ATHM), NYSE:(GDDY), NAS:(YY), NYSE:(WUBA),

NAS:(SINA), OTCPK:(RPGRY), OTCPK:(MLRYY), OTCPK:(JSTTY), OTCPK:(ATDRY),

OTCPK:(MIXIF), OTCPK:(RTMVF), NAS:(MTCH) » details

Traded in other countries: 1SI.GermanySNAP.Switzerland,
Headquarter Location: USA

Snap Inc is a camera application developer. Its main product is Snapchat, a camera application created to help people communicate through short videos and images. It also offers Spectacles, which are camera-enabled sunglasses.

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, CA.

 

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BUZ INVESTORS Cloudera IPO Do you know why tech startups spent the last three years avoiding the public market? It’s because the market was on tenterhooks.

Should You Invest in Cloudera IPO?

Cloudera IPO Shows Renewed Optimism

BUZ INVESTORS Cloudera IPO Do you know why tech startups spent the last three years avoiding the public market? It’s because the market was on tenterhooks.

BUZ INVESTORS  Cloudera IPO Do you know why tech startups spent the last three years avoiding the public market? It’s because the market was on tenterhooks. Investors were so tense that any hiccup came with a massive drop in the stock price. But that pessimism is coming to an end. Just look at the Cloudera IPO and, more importantly, the Cloudera IPO date—it’s positioned for 2017. Don’t you see what the Cloudera IPO in 2017 means?

It means the IPO market is coming back to life. After three years on the down slope, startups are making the transition to public life in greater numbers. It’s about time.

Just look at the numbers:

IPO BULL MARKET
Q1 – 2016 Q1 – 2017
Number of IPOs 8 25
Funds Raised $667M $9.9B

It’s obvious that market sentiment has shifted.



Cloudera IPO

 

TRADE NOW

Investors are willing to take a chance on young companies again, which in turn makes startup founders confident about going public. It’s a virtuous cycle that can help everyone get rich

How the Snap IPO Changed Everything

It was a big deal that Snapchat’s parent company went public this year. Snap raised a huge amount of money, more than any U.S.-listed IPO in the last three years.

The last IPO on that scale was Alibaba Group Holding Ltd (NYSE:BABA).

It doesn’t matter whether you think Snap stock is garbage. It doesn’t even matter if you think SNAP is the next Facebook, Inc. (NASDAQ:FB) stock. I’m not here to debate whether or not Snapchat is a good investment.

Why Is Cloudera Stock so Cheap?

The folks behind the Cloudera IPO are aiming low.

They are issuing a Cloudera IPO price that’s far below expected, partly because they want to downplay expectations. Here are the specifics:

  • Stock Exchange: NYSE
  • Ticker Symbol: CLDR
  • Financing Target: $200.0 million to $242.0 million
  • Number of New Shares: 2.25 million
  • Cloudera IPO Price: $12.00 to $14.00
  • Cloudera IPO Valuation: $1.79 billion (at most)
  • Previous Valuation: $4.1 billion (in 2014)

No, you didn’t misread the last two lines.

How Risky Is Investing in Cloudera IPO?

As always, there are risks in investing. Anyone who says otherwise is a liar or a fool.

Cloudera is in the emerging business of data analytics. Like all emerging industries, there is huge upside mingled with potential downsides. These industries aren’t for the faint-hearted.

There is huge upside in this market—we’re talking gains of 300% or 400%—but there are also risks.

Amazon.com, Inc. (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) are competitors in this business. It’s possible that they can bully Cloudera. Big companies have been known to do that before, even in the technology sector.

On the other hand, Cloudera is a specialist.Like up on FACEBOOK


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Dow Jones 20982 9 0.04 % 1.96% 1.35% 17.67% Apr/27
S&P 500 2389 1 0.06 % 1.39% 1.28% 15.07% Apr/27
NASDAQ 100 5572 31 0.57 % 2.36% 3.05% 27.69% Apr/27
NASDAQ 6049 24 0.39 % 2.23% 2.96% 25.88% Apr/27
Russell 2000 1418 2 -0.12 % 2.38% 3.65% 24.27% Apr/27
S&P VIX 10.36 0.49 -0.49% -3.79% -1.17% -4.86% Apr/27

 




OTHER RELATED STORIES 

Will Dropbox IPO in 2017 Be Worth Your Money?

Buzzfeed IPO in 2018. Should You Invest?

Presidio IPO: What Investors Need to Know

BUZ INVESTORS Dropbox IPO It is the year 2009. Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs has invited two young MIT alumni to Apple’s Cupertino headquarters.

Will Dropbox IPO in 2017 Be Worth Your Money?

All Eyes on Dropbox IPO in 2017!

BUZ INVESTORS Dropbox IPO It is the year 2009. Apple Inc. <span data-recalc-dims=(NASDAQ:AAPL) CEO Steve Jobs has invited two young MIT alumni to Apple’s Cupertino headquarters." width="300" height="200" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/04/Slack-IPO-300x200-Small.jpg?resize=300%2C200 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/04/Slack-IPO-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

BUZ INVESTORS  Dropbox IPO It is the year 2009. Apple Inc. (NASDAQ:AAPL) CEO Steve Jobs has invited two young MIT alumni to Apple’s Cupertino headquarters. Jobs tables an offer to buy their then little-known startup. But the young men refuse it. They are ambitious to grow it into a big company.

Just pause and think about it. Who declines a blank check from a tech giant like Apple? Well, what do you know! Eight years later, many are anxiously waiting for a Dropbox IPO so as to get their hands on Dropbox stock.

Drew Houston and Arash Ferdowsi will always be remembered in history as the two young lads who refused to play ball with the mighty Steve Jobs. But they will also be celebrated for their show of tenacity and perseverance. After all, we applauded the precedent set by Mark Zuckerberg when he turned down a billion dollar offer from Yahoo! Inc. (NASDAQ:YHOO), and gave investors a glorious IPO.



 Dropbox IPO

Will Dropbox Stock Be Worth Your Money?

A bajillion business ideas are formulated in Silicon Valley every year but only a handful of them live to see the light of day. That’s because, unless your idea solves a real problem for its user, nobody is going to buy it. Even a fashionable idea will eventually fade.

Back in 2008 when Dropbox was founded, it solved an actual problem many faced. Our smartphones carried a lot of data that was gobbling up all of the internal space. And for slackers like myself, connecting them to our computers every now and then just to transfer that data was a hassle.

Basically, the company had used an ingenious marketing ploy. Dropbox gave away 250 megabytes of free storage to its initial Dropbox users. Back then, it was a great incentive for those initial users to join in and share it with their friends—a loose application of what B-schoolers call “viral marketing.”

That little gimmick of free storage and free sharing is what lent to Dropbox’s meteoric rise. Today, that threshold has been pushed up to two gigabytes of free storage.

Long story short; this free file-sharing cloud application became an instant hit for its slick design and easy use. Since then, Dropbox has continued to pull in more and more users. Today, this application has garnered a solid registered user base in excess of 600 million.

dropbox registered user chart

(Source: “Number of Registered Dropbox Users from April 2011 to March 2016 (in millions),” Statista, last accessed on April 19, 2017.)

Will Dropbox IPO in 2017?

Rumor has it that Dropbox founders met with advisers in the last quarter of 2016 to consider going public. So chances are that we might see a Dropbox IPO later this year.

Although, that may be a major departure from Houston’s plan of staying private. Recall how Dropbox’s biggest competitor Box Inc went public in 2015 and the IPO was a big flop. Post that debacle, Dropbox founders were not very keen on taking the company public.Like up on FACEBOOK


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BUZ INVESTORS Buzzfeed IPO in 2018 Bust out the cat videos and listicles; it looks like we’re headed toward “BuzzFeed IPO 2018.” The media company that got its start as an innovator in capturing millennial attention in the online space is now reportedly e

Buzzfeed IPO in 2018. Should You Invest?

Should You Invest in BuzzFeed IPO in 2018? 

BUZ INVESTORS Buzzfeed IPO in 2018 Bust out the cat videos and listicles; it looks like we’re headed toward “BuzzFeed IPO 2018.” The media company that got its start as an innovator in capturing millennial attention in the online space is now reportedly e

BUZ INVESTORS Buzzfeed IPO in 2018 Bust out the cat videos and listicles; it looks like we’re headed toward “BuzzFeed IPO 2018.” The media company that got its start as an innovator in capturing millennial attention in the online space is now reportedly eyeing a 2018 initial public offering (IPO), a rare move when most media companies are struggling in this brave new digital world.
Buzzfeed CEO and founder Jonah Peretti seems intent, however, in raging against the tide and creating a public media empire despite the state of the industry.

Now we’ll be seeing one of the largest new-age digital media empires taking to the market, the first to do so. Vox Media, Inc. and Vice Media LLC, two other companies known for their success in the digital media space, will be watching closely to see how BuzzFeed stock performs when it hits the markets. The buzz about the possible BuzzFeed IPO 2018 first arose at the end of March, so there will be plenty of time between now and the IPO date for other companies to also throw their hats into the IPO ring. (Source: “Scoop: BuzzFeed going public in 2018,” Axios, March 29, 2017.)



OTHER STORIES BUZ TRADERS FOLLOW

Buzzfeed IPO in 2018

Now I’m sure you’e wondering: how will BuzzFeed stock perform? Most importantly, should you invest in the BuzzFeed IPO in 2018? if and when it happens?

BuzzFeed has a valuation of $1.7 billion as of its most recent funding round. The company employs 1,300 people worldwide and has seen itself expand with a number of acquisitions. But those high figures disguise a hurting core; while revenue numbers have yet to be released for 2016, the 2015 earnings were  damaging to the company, and by extension may hurt the BuzzFeed IPO value.

BuzzFeed pulled in about $170.0 million in revenue in 2015, falling well short of its $250.0-million projection. That, in turn, led to a slashing of the 2016 target from $500.0 million to $250.0 million. This is hardly the type of momentum that a company wants on its way to an IPO. Jonah Peretti, however, has claimed that the company did, in fact, hit its revenue projections, so it’s a bit of a he said, she said case. (Source:  “BuzzFeed missed 2015 revenue targets and slashes 2016 projections,” CNBC, April 12, 2016.)

Coincidentally, that makes NBCUniversal one of the more active investors in the tech space these days, especially among younger demographics. The company also put $500.0 million into the owner of the “Snapchat” platform, Snap Inc (NYSE:SNAP), making it one of the largest beneficiaries of the Snap IPO. (Source: “BuzzFeed Said to Prepare for a 2018 IPO,Fortune, March 29, 2017.)

Investing in BuzzFeed IPO 

So what makes BuzzFeed an attractive investment? Much like Snap Inc and its Snapchat service, the company has a strong foothold in the younger demographic that advertisers salivate over. As we witnessed with the Snap IPO, strength in this area can be a huge boost to a company’s value and performance on the stock market.

Right now, BuzzFeed has a strong list of videos on its YouTube channel, with many receiving over 10 million views and some reaching as high as 60 million. The company certainly has a large and hungry consumer base that is generating high profits, in terms of ad revenue. The company reportedly registers over three billion views a month on its YouTube channel.

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Buz Investors Presidio IPO The smashing success of the recent Snap (NYSE:SNAP) IPO could provide plenty of lift for other tech stocks coming to market. At least, that's likely the hope for the powers behind Presidio,

Presidio IPO: What Investors Need to Know

The market appears hungry for tech industry IPOs following Snap’s splashy debut. Will IT solutions provider Presidio help satisfy that craving

Buz Investors Presidio IPO The smashing success of the recent Snap <span data-recalc-dims=(NYSE:SNAP) IPO could provide plenty of lift for other tech stocks coming to market. At least, that's likely the hope for the powers behind Presidio, " width="300" height="300" srcset="https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ipo1.jpg?resize=300%2C300 300w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ipo1.jpg?resize=150%2C150 150w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ipo1.jpg?resize=768%2C768 768w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ipo1.jpg?resize=65%2C65 65w, https://i2.wp.com/investorsbuz.com/wp-content/uploads/2017/03/ipo1.jpg?w=1000 1000w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors Presidio IPO The smashing success of the recent Snap (NYSE:SNAP) IPO could provide plenty of lift for other tech stocks coming to market. At least, that’s likely the hope for the powers behind Presidio, a sprawling IT solutions provider that’s set to start trading this Friday on the Nasdaq. Here’s a glance at the company, and the pertinent details of its IPO.

The middle ground

Presidio’s target client base is the middle market, the bulging segment between large-cap corporations and small enterprises. Currently, around 70% of its customers fall into this category. The company provides a wide range of IT solutions to a big client list of around 7,000 organizations.



OTHER STORIES BUZ TRADERS FOLLOW

Presidio IPO

It divides its offerings into three divisions: digital infrastructure, cloud, and security. Of the three, digital infrastructure (a broad category that covers many of the company’s offerings) was responsible for 76% of fiscal 2016 revenue; cloud comprised 15%, while security took the remaining 9%.

In its IPO registration, Presidio writes of its “increasing focus” on the latter two categories, adding that, “we believe we are well positioned to benefit from the rapid growth in demand for these technologies and expect our business mix to continue shifting toward them.”

Over its past five fiscal years, the current form of the company and its predecessor have managed a compound annual revenue growth rate of 11%, landing at nearly $2.72 billion in fiscal 2016. Presidio didn’t hesitate to point out that this well eclipses the 2012 to 2016 CAGR of 2.1% for overall U.S. IT spending.

On the bottom line, Presidio has generally been profitable, if not spectacularly so. Its net income ranged from nearly $11 million to over $32 million from 2012 to 2014, although the last two fiscal years have been in the red — the 2016 shortfall was $3.4 million



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Buz Investors Tocagen (TOCA) is on deck for an $86M IPO. Pricing has yet to be announced.

Tocagen readies IPO

Tocagen readies IPO

Buz Investors Tocagen  <span data-recalc-dims=(TOCA) is on deck for an $86M IPO. Pricing has yet to be announced." width="300" height="172" srcset="https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/tocagen.jpg?resize=300%2C172 300w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/tocagen.jpg?resize=768%2C441 768w, https://i0.wp.com/investorsbuz.com/wp-content/uploads/2017/03/tocagen.jpg?w=800 800w" sizes="(max-width: 300px) 100vw, 300px" />

Buz Investors Tocagen  (TOCA) is on deck for an $86M IPO. Pricing has yet to be announced.

The San Diego, CA-based firm develops gene therapies based on retroviral replicating vectors (RRVs) that are designed to selectively deliver therapeutic genes to cancer cells and persist therein.




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Tocagen

Its lead product candidate is Breakthrough Therapy- and Fast Track-tagged Toca 511 & Toca FC for the treatment of high-grade glioma (brain cancer). Top-line data from a Phase 2 clinical trial are expected in H1 2018. Toca 511 (vocimagene amiretrorepvec) is the RRV and Toca FC is an orally administered extended-release formulation of the prodrug 5-fluorocytosine (5-FC) which readily crosses the blood-brain barrier. It is converted into the chemo agent 5-FU by an enzyme called cytosine deaminase (CD). The company says 5-FU delivered this way has a dual mechanism of action, killing cancer cells and boosting the immune system by killing immunosuppressive cells.



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Buz Investors Chances of an Uber IPO When it comes to public relations, you really can’t do much worse than Uber Technologies Inc.

What Are the Chances of an Uber IPO in 2017

Will Uber IPO in 2017?

Buz Investors Chances of an Uber IPO When it comes to public relations, you really can’t do much worse than Uber Technologies Inc.

Buz Investors Chances of an Uber IPO  When it comes to public relations, you really can’t do much worse than Uber Technologies Inc. The Uber valuation, ahead of its eventual initial public offering (IPO), now sits at a monstrous $66.0 billion, while the Uber IPO date is still very much in the air.

But, even with all the gaudy numbers and accompanying IPO excitement, all Uber can ever seem to do in the public’s eye is, well, mess up. People should be wondering “will Uber IPO in 2017?” not “Jeez, what did Uber do wrong now?



OTHER STORIES BUZ TRADERS FOLLOW

Chances of an Uber IPO

Before we get into the particulars of the potential Uber IPO 2017, lets recap some of the colossal and calamitous missteps that the company has made on the public relations front, and why that could be important in the run-up to a public offering. (Source: “As Uber Melts Down, Its CEO Says He ‘Must Fundamentally Change‘,” The Atlantic, March 1, 2017.)

What would happen if we weren’t a part of that future?” asked Travis Kalanick in a 2016 interview about autonomous cars. “If we weren’t part of the autonomy thing? Then the future passes us by basically, in a very expeditious and efficient way.” (Source: “Travis Kalanick on Uber’s bet on self-driving cars: ‘I can’t be wrong’,” Business Insider, August 18, 2016.)

Basically, that’s what Uber could be facing if it faces the worst-case scenario as a result of these legal proceedings.

What’s even stranger is that not too long ago in 2013, Google and Uber were looking like they were going to march hand-in-hand into the autonomous car future as allies, not mortal enemies. Google invested $258.0 million in Uber back in 2013; quite a departure from their current relationship. (Source: “The inside story of the rise and rise of Uber,” TechCrunch, February 7, 2017.)

First you have the issue of duplication. While Uber was first in the market to popularize ride-sharing as an app (and has benefited greatly due to that initiative), competitors like Lyft are increasingly making a claim on Uber’s market share. And, all things being equal, if consumers are faced with a choice between the vilified Uber or the more personable Lyft, it’s not hard to imagine who they’ll be hailing. (Source: “Uber’s books still top secret, but its biggest weakness isn’t,CNBC, June 8, 2016.)



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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.

Pinterest IPO Could Be in the Cards

Pinterest IPO in 2017 Is a Possibility

Buz Investors Pinterest IPO If 2017 is going to be a major year for big-tech initial public offerings <span data-recalc-dims=(IPOs), then it’s going to need more moves from companies like Pinterest, Inc." width="300" height="200" srcset="https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Pinterest-IPO-Could-Be-in-the-Cards-300x200-Small.jpg?resize=300%2C200 300w, https://i1.wp.com/investorsbuz.com/wp-content/uploads/2017/02/Pinterest-IPO-Could-Be-in-the-Cards-300x200-Small.jpg?w=720 720w" sizes="(max-width: 300px) 100vw, 300px" />

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.)



Other Stories Buz Traders Follow

Pinterest IPO

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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