Pinterest pins hopes on cut-price IPO as latest tech 'unicorn' goes public
by Dominic Rushe in New York and agencies from Technology | The Guardian on (#4CQ4E)
- Company's $9bn valuation is $3bn less than 2017 figure
- Scrapbooking site to be followed by Airbnb, Uber and WeWork
Pinterest, the digital scrapbooking site, has became the latest Silicon Valley "unicorn" to publish details of its plans to go public.
The company's initial regulatory filing would value the company at around $9bn, significantly less than previous valuations but a figure that could change if investors get behind the initial public offering (IPO).
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