On the same day in December, Uber and Lyft filed confidential IPO documents with the SEC. Lyft went ahead of its bigger rival and started its roadshow to attract investors this week.
Meanwhile, the Wall Street Journal first reported that Pinterest selected NYSE for its stock listing on Thursday.
Pinterest files IPO filing with the SEC
On Friday, Pinterest submitted its Form S-1 filing with the SEC and stated that it will trade its stock under the ticker “PINS” on the NYSE.
Pinterest disclosed that its revenue increased from $298.87 million in 2016 to $472.85 million in 2017 and to $755.93 million in 2018. Its year-over-year growth was 60 percent.
Its net loss declined from $181.81 million in 2016 to $129.73 million in 2017 and to $62.56 million last year.
Pinterest said it has 265 million monthly active users (MAUs) in the fourth quarter of 2018. The company’s global average revenue per user (ARPU) was $3.14 while its ARPU in the United States was $9.04 last year. Its global and U.S. ARPU increased 25 percent and 47 percent respectively compared to 2017. Its international ARPU was $0.25 last year, 22 percent higher than 2017.
