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).
In the amended filing, released Monday, the company explained that it will register about 86 million shares and offer about 75 million shares at a cost between $15 and $17 per share under the ticker PINS on the New York Stock Exchange.
The arrival of Lyft late last month did little to diffuse questions about how best to value tech companies with tons of potential, but not much in the way of profits, at least not yet.
Already, initial public offerings from tech companies have dominated headlines this year.
Including stock options and restricted stock, the high end of Pinterest's IPO price range would value the company at $11.3 billion. It has raised over $1.5bn in investment since it was founded. While its shares bounced back from their lows last week, they remain far below the heights reached in the flurry of first-day trading, and they fell 3% Monday, again dipping under the initial offering price.
Several other unicorn startups, including Uber, Slack and Postmates, are also set to debut this year.
Pinterest counts more than 250 million monthly active users, and reported annual revenue of more than $755 million in 2018; that's a almost 60 percent jump from the year before.
Pinterest has long shunned the label of being a social network.
Pinterest makes advertising revenue when businesses promote pins in users' feeds.
Pinterest CEO Ben Silbermann and others spent the morning at JP Morgan explaining to the sales force how they want to pitch the deal to investors.
Pinterest claims more than 250 million active monthly users and more than 2 billion monthly searches, 175 billion pins saved, and 4 billion boards created - all leading to a revenue of about $750 million in 2018, up 60% from the prior year.
Pinterest is the developer behind a digital pinboard that allows users to post pictures for public and private viewing.
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2017.
When told it's about his inappropriate physical contact with women, he added: "You guys know that I'm a tactile politician". Satisfied that he's improved Sudeikis' Biden officially throws his hat in the 2020 ring.
Keeping inflation under control is a key mission of the Fed, and higher rates help do so by discouraging borrowing and spending. The president has said he intends to nominate another man, Stephen Moore, to get a vacancy on the board.
The 29-year-old has fallen out of favour at Chelsea since manager, Maurizio Sarri, took over from fellow Italian, Antonio Conte. A police spokesman said the player was arrested "following a one-vehicle incident" in Ashley Road, Mere.
For some, this happens as soon as the session starts, while others are unable to get into a friend's game to begin with. Bad reviews usually translate to lower sales, and lower sales means less revenue for Valve.
Davis - who is hitless in 26 at-bats this season - lined out to right in the second inning off Athletics starter Marco Estrada . On an 0-2 count, he popped a foul to short right field, and Oakland second baseman Jurickson Profar dropped it for an error.
Conners started the day a shot behind Kim, but powered to a four-shot lead after just five holes as the birdies flowed. Just a week ago, Corey Conners was the epitome of life on the fringes as a pro golfer.
When speaking about advice she had for fellow parents, Serena said, "Accept mistakes and don't expect to be flawless ". We put so much pressure on ourselves", she said. "I told her , 'You've got to be who you are, Meghan ".
Critics of ULEZ have called it a regressive tax that will affect poorer motorists the most, pricing them off London's streets. Owners of classic cars won't need to worry either, as any vehicles that were first registered before 1973 will be exempt.
City struggled to a 1-0 win with Gabriel Jesus's fourth-minute header from Kevin De Bruyne's risky cross the defining moment. However, I think he will play on the right to accommodate for Leroy Sane on the left.
Wednesdayhours until US carrier Verizon turned on its 5G network in some areas of Minneapolis and Chicago a week before schedule. South Korea has jumped to the forefront of global competition over next-generation 5G network services.
ESPN reported Rodgers said the hiring of new Coach Matt LaFleur "is going to be a great thing moving forward". The report detailed the contentious relationship between Rodgers and his former head coach, Mike McCarthy .
Theresa May seeks Brexit delay from Merkel and Macron
This is when the United Kingdom is scheduled to leave the European Union after MPs repeatedly rejected the Prime Minister's deal. And it seems Brussels already has plans of its own - with two proposals already being discussed by the European Union 27.
Japan's Hayabusa2 spacecraft bombs Ryugu asteroid
By the end of February, Hayabusa 2 was "landed" on the asteroid, had shot a bullet into the surface to dust for samples of theirs. Since June past year , Hayabusa-2 studied Asteroid Ryugu and even deployed robotic vehicles to explore the rock more in-depth.
Rajinikanth movie Darbar first look unveiled
The actors are teaming up for the third time after collaborating in Chandramukhi (2005) and also briefly in Kuselan (2008). While Lyca had previously produced Rajinikanth's 2.0, they forayed into production with Murugadoss's Kaththi.
Chinese woman arrested at Mar-a-Lago had spy devices
There's no evidence Zhang ever approached the president and it is believed he was at his nearby golf course when she arrived. Yang had promoted events scheduled for Mar-a-Lago on the day Zhang showed up, including a "Safari Night" charity gala.
May to meet Merkel, Macron ahead of crucial Brexit summit
But Johnson said Britain staying in a customs union, "would make a total and utter nonsense of the referendum result". Labour could seek to lock the agreement into law, making it much more hard for May's successor to change strategy.
Microsoft Edge Add-ons website goes live
Just be sure to examine the reviews for an extension before you install them as these extensions are not vetted by Microsoft. It should be noted that this release channel will be the most buggy as it has not been tested extensively.
Trump’s latest victim - Major League Baseball
Some Florida lawmakers had opposed the baseball agreement for being an accommodation with the Cuban government. Younger players were required to get the Cuban Baseball Federation's blessing to play for MLB teams.