Pinterest pre-IPO valuation puts it at $11.6 billion

GaryPageau

Social photo sharing platform Pinterest filed an updated S-1 just two weeks after filing for its IPO. The S-1 set the price range at $15-17 per share for a sale of 75 million shares, meaning the company will raise between $1.125 billion and $1.275 billion. According to TechCrunch: “In terms of valuation — if you calculate Class A, Class B, plus options for additional Class B for total shares outstanding totalling 664.84 million shares — this values Pinterest at $10.64 billion in the midrange ($16/share), with the full range being $10 billion (at $15/share) and $11.3 billion (at $17/share).”

In the original S-1, Pinterest revealed that it had revenue of $755.9 million in the year ending December 31, 2018, up from $472.8 million in 2017, and hit 265 million users late last year. The company’s net loss, meanwhile, shrank to $62.9 million last year from $130 million in 2017, according to published reports.

The San Francisco-based company will trade under the ticker symbol “PINS” on the New York Stock Exchange.

 

In total, Pinterest has posted $1.525 billion in revenue since 2016. Pinterest has raised $1.5 billion to date and was last valued at $12.3 billion, in 2017. Its investors include Bessemer Venture Partners, Andreessen Horowitz, FirstMark Capital, Fidelity and SV Angel.

Written by 

Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.