Pinterest’s long-anticipated initial public offering moved one step closer to reality, as Joshua Franklin and Carl O’Donnell of Reuters reported that the company hired Goldman Sachs Group and JPMorgan Chase to lead the effort sometime in 2019.
Pinterest said it would not comment on rumors and speculation.
Sources told Franklin and O’Donnell the IPO would likely come in the first six months of the year, and it could raise as much as $1.5 billion.
The company was valued at around $12 billion during its last fundraising round, in 2017, Franklin and O’Donnell reported, and Connie Loizos of TechCrunch reported that it has raised approximately $1.5
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