Pinterest, the popular images sharing social media website, is planning to launch its initial pubic offering within this quarter. The company intends to tap into the public markets to be on an equal footing with other technology companies in the FAANG index. The share will probably have the ticker “PINS” and will be listed in the New York Stock Exchange.

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With this IPO (initial public offering), the company is eyeing a valuation of around $9 billion. However, insider negotiations and interactions show that this valuation may not be reached. The IPO would include 75 million shares, with a potential price between $15 and $17. Pinterest’s revenues from its ad service have been rising. However, it has not reached its break-even point. This may undermine its valuation following IPO.

Other companies, such as Lyft, have already launched its IPO. Lyft’s share has not moved strongly thus far. Other companies plan to follow suit and launch their IPOs soon.

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Pinterest is likely to offer two types of shares, class A and B shares. Holders of Class B shares will be able to vote. The offered shares constitute around 14% of the total outstanding shares that belong to the company.