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Pinterest Is Said to Move Up IPO to April Amid Listing Surge

Pinterest Said To Be Raising Funding At $11 Billion Valuation
Photographer: Andrew Harrer/Bloomberg

Pinterest Inc. has moved up its plans for an initial public offering to next month, according to a person familiar with the matter, adding to a surge of soon-to-list tech-related companies in the U.S.

The company, which confidentially shared its plans with the Securities and Exchange Commission earlier this year, could submit its public IPO filing as soon as Friday, said the person, who asked not to be identified because the details were private. Pinterest had been planning to go public in June, seeking to raise about $1.5 billion in an IPO valuing it at least $12 billion, people familiar with the matter previously said.