(Bloomberg)—Pinterest Inc. has filed confidentially for a U.S. initial public offering, according to a person familiar with the matter.
The visual search site could list toward the end of June, said the person, who asked not to be identified as the details aren’t public. No final decision has been made on the IPO plans, they said.
A representative for Pinterest declined to comment.
Pinterest, where users post and look for pictures that interest them, is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead its listing, which could raise about $1.5 billion, people with knowledge of the matter said last month.
The San Francisco-based company raised $150 million in a private funding round in 2017 for a total valuation of about $12.3 billion.
The confidential filing and potential timing were first reported by the Wall Street Journal.
