Pinterest step plan for IPO, aims to list shares on the NYSE in April: WSJ

FILE PHOTO: A portrait of the Pinterest logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer

(Reuters) – Image-search company Pinterest Inc. has ensured that the timing of the initial public offering, as it looks like a red-hot market for new issues, with the Wall Street Journal reported, citing people familiar with the matter.

The company is preparing to make the submission of the public as early as Friday and debut on the New York Stock Exchange in mid-April, according to the WSJ report on Thursday.

Pinterest monetizes its website by means of advertisements, which it places under the “pins” that users placed on the site.

The company is among a host of technology startups, including Uber, Lyft, AirBnB and Limp, preparing for the multi-billion Ipos in 2019.

Lyft Inc IPO is oversubscribed on the basis of the commitments made until now by the investors and the ride-hailing company expects that the valuation on more than $23 billion, Reuters reported on Tuesday.

Reporting by Diptendu Lahiri in Bengaluru; Editing by Maju Samuel

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