Pinterest Will Conduct IPO
Social giant Pinterest will become one of the companies that go public in 2019. Pinterest secretly sent an application for holding an IPO to the US Securities and Exchange Commission (SEC) and asked Goldman Sachs and JPMorgan Chase to help with the organization of this process. The company's stocks may appear on the exchange by the end of June. Now Pinterest is worth in excess of $10 billion.
What makes the companies go public? It enables them to estimate their business (Pinterest wants its value to be no less than $12 billion), become a more liquid asset, attract investors and draw attention to themselves. We wonder who will be the next?