Pinterest Inc. has confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering, according to people familiar with the matter, as the online-image search company joins a parade of highly valued technology startups planning to list their shares in 2019.
The company and its underwriters, led by Goldman Sachs Group Inc. and JPMorgan Chase & Co., are eyeing a late-June listing, some of the people said. They warned that, as always with IPOs and unpredictable markets, the timing could shift.
Pinterest is expected to seek a valuation in the public market of at least $12 billion — the level at which it most recently raised funding, some of the people said.
Pinterest’s Chief Executive Ben Silbermann has said the company would look to debut in 2019 and The Wall Street Journal reported in December that it was preparing for an IPO that could take place as soon as April.
An expanded version of this report appears on WSJ.com.
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