Pinterest Eyes April IPO to Capitalize on Hot Market for New Stocks

Pinterest Eyes April IPO to Capitalize on Hot Market for New Stocks

The IPO market is heating up, with several tech companies getting for their public debuts.

A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2017. The final size will change.

Both Lyft and Uber filed confidential IPO documents with the Securities and Exchange Commission on the same day in December.

Pinterest revealed that it has 250 million users and growing revenues.

Debenhams shares crash as it asks shareholders to approve £200m loan
Debenhams has issued a string of profit warnings and lost 90% of its market value in the past year. A successful consent solicitation would allow Debenhams to enter into the new loan facilities.

As one of two dominant ride-hailing companies, Lyft was used by more than 30 million people across North America past year, generating $8.1 billion in gross bookings and $2.2 billion in revenue.

The filing confirms that Pinterest will debut with the same dual-class stock structure as Snap before it and Lyft, which is now pursuing its own IPO.

The company did not immediately respond to a request for comment on the reports it would list on the New York Stock Exchange.

Investors focused on corporate governance have criticized dual-class share structures after the likes of Snapchat parent Snap Inc and meal-kit maker Blue Apron Holdings Inc went public since with little or no voting representation for certain investors. Its larger ride-sharing rival, Uber Technologies, is expected to submit its public filing next month for an IPO that could value it at as much as $120bn, people familiar with the matter have said.

Related News:

Most liked

Backed Forces Say ISIS Has Finally Been Defeated in Syria
More than 100 infants have also perished during the drive to their displacement camps, aid groups say. But after a grueling campaign, the last speck of land was finally wrested from the Islamic State.

Israel Strikes Gaza After Border Bombs
Mishmeret is more than 80 kilometers from the Gaza Strip and rocket fire from the Palestinian enclave at that distance is rare. He said he would meet with President Donald Trump in the coming hours and then fly back immediately.

Maradona slams Argentina players and 'inept' AFA president Tapia
Maradona praised Martino's leadership, but stressed his fellow Argentine will need time to get to know and work with Mexico's players.

Dr. Dre celebrates his daughter getting into USC 'on her own'
The program's goal is to prepare them to become a new generation of inspired innovators. Dre and Jimmy Iovine previously made to the school.

Kansas State Basketball: Barry Brown limited in upset loss
In the win over the Badgers, Oregon's lead scorer was Payton Pritchard with 19 points, eight assists and five rebonds. The Ducks are now 24-12 on the season, 6-1 on a neutral floor, 21-15 against the spread and 24-12 with the under.

Deepika Padukone in Meghna Gulzar’s Chhapaak
The actor plays acid attack survivor Laxmi Agarwal in the film, now being shot under the direction of Raazi's Meghna Gulzar . Laxmi had previously told Hindustan Times that she is happy to see Deepika Padukone play her character on screen.

The first ever goal scored at Tottenham Hotspur's new stadium
Lloris, though, warned improvements also have to be delivered on the pitch if the team is to progress. I can see the difference between the state of the club when I arrived and today.

Jet Turbulence: IndiGo poaches over 100 pilots
It could be the end of the road for Naresh Goyal , the chairman and founder of the struggling Jet Airways. There might be further changes to this schedule and more flights can be pulled out.

Dubai projects NZ PM's image on iconic skyscraper
Muslims account for just over 1% of New Zealand's 4.8-million population, a 2013 census showed, most of whom were born overseas. "It is the place where we pray, where we meet, we'll be back, yeah", Ashif Shaikh told reporters outside the Al Noor mosque.

Basketball fans are trolling Virginia over shaky start against Gardner-Webb
Coach Tony Bennett has only led one squad to the Sweet Sixteen in the past four seasons despite the team's high seeds. Founded in 1905, the university is affiliated with the Baptist Church and is a member of the Big South.

Ramos helps Spain edge Norway, Kean stars for Italy
Ramos took a bang to the head in the closing stages of the game as Spain saw out their victory. The pair did battle as Spain defeat Norway 2-1, with King scoring from the penalty spot.

Trump to Nominate Stephen Moore for Fed Board
Although Trump picked Powell to lead the Fed, starting in February 2018, it didnt take long for him to regret his decision. Inflation could rise a few decimal points above the Fed's 2-percent target and not be a worry, he said.

Ousting May will not help resolve Brexit - Hammond
But she may be persuaded that her position is untenable if top Cabinet ministers and other senior party members desert her. Asked about Mr Lidington being installed as a caretaker prime minister, Mr Hammond said: "That's not right at all".

Serena Williams Withdraws From Miami Open Due to Left Knee Injury
Serena Williams has withdrawn from the Miami Open due to an injury to her left knee, tournament organisers have confirmed. Williams fell in a three-set battle with Czech Karolina Pliskova in the quarter-finals of the Australian Open in January.

Wofford's Magee breaks D-I career 3s record
The Terriers led by as many as six late in the first half before Kentucky went on a 10-2 spurt to take a 28-26 lead into halftime. Some of them felt good and were short, some of them felt good and were long and some of them were just off.