Pinterest nears $1 billion in ad sales, valuation rises as it looks to go public mid-2019
Pinterest has grown significantly through mobile use and consumers in Western Europe, Latin America and Japan.
Pinterest has taken a long time to justify its monstrous private market valuation. However the social media company is finally approaching $1 billion in ad revenue as it pushes toward an IPO in mid-2019, according to people familiar with the matter.
Investors are already getting more bullish on Pinterest. Trades on the secondary market value the company at between $13 billion and $15 billion, said people with knowledge of the matter. That is up from a valuation of $12.3 billion at the time of its last financing round in June 2017.
eu.usatoday.com/story/tech/2018/07/23/...-mid-2019/820573002/
Pinterest has grown significantly through mobile use and consumers in Western Europe, Latin America and Japan.
Pinterest has taken a long time to justify its monstrous private market valuation. However the social media company is finally approaching $1 billion in ad revenue as it pushes toward an IPO in mid-2019, according to people familiar with the matter.
Investors are already getting more bullish on Pinterest. Trades on the secondary market value the company at between $13 billion and $15 billion, said people with knowledge of the matter. That is up from a valuation of $12.3 billion at the time of its last financing round in June 2017.
eu.usatoday.com/story/tech/2018/07/23/...-mid-2019/820573002/