Pinterest’s future relies on pegging global sales, says GinaChon:
Social-media company Pinterest filed a draft prospectus on its initial public offering with U.S. regulators on March 22. The company reported having 265 million monthly active users in the fourth quarter of 2018. It had revenue of $756 million in 2018, compared to $473 million in 2017.
In 2018, its global average revenue per user was $3.14, an increase of 25 percent compared to the same period in 2017. The average revenue per U.S. user was $9.04 while an overseas user generated an average of $0.25. Reuters reported in January that Pinterest could raise around $1.5 billion. It was valued at $12 billion in its last fundraising round in 2017.
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