SAN FRANCISCO - Popular online bulletin board Pinterest is getting ready for a stock market debut early next year at a valuation of $12 billion or more, according to a Wall Street Journal report. Pinterest is said to be weighing an early 2019 stock market debut at a valuation of $12 billion or moreThe San Francisco-based startup could have an initial public offering of shares as soon as April, according to Journal, which did not name sources for the information. Pinterest sees itself as being at the crossroads of social networking and online search, with users consulting it when seeking out products or services. The company pushes hard into e-commerce by enabling people to use smartphones to identify products they might wish to pursue. Ride-hailing firms Lyft and Uber are also reportedly aiming to go public next year with initial public offerings of stock in what promise to be multibillion-dollar market debuts.

Source: Bangkok Post December 19, 2018 23:03 UTC