The Rakuten-backed social media and e-commerce company, valued at more than $12bn, will select underwriters next month and could go public as soon as April.
US-based social media company Pinterest plans to select bankers next month for an initial public offering that would enable e-commerce firm Rakuten to exit, the Wall Street Journal reported on Wednesday.
The company was valued at $12.3bn as of its last funding round in June 2017, and people familiar with the company’s plans told the WSJ it expects to float as soon as April 2019 at a similar valuation.
Pinterest operates a social network with more than 250 million monthly…
