Pinterest Quietly Files For IPO

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Pinterest has plans to go public, but they appear to be doing it with little fanfare.

According to a report (subscription required) from the Wall Street Journal, the matured startup has submitted paperwork with the Securities and Exchange Commission to file for an initial public offering. The IPO, which is based on a $12 billion valuation, is planned for later this year.

Pinterest, not surprisingly,  declined comment on the IPO to WSJ.

The social networking site is joining what appears to be an active year in IPO’s, with numerous technology startups planning to (or already filed) public offerings. This list includes Lyft, Slack, Airbnb and Robinhood.