At $19 per share, Pinterest, which offers advertisers a venue to sell to consumers, raised around $1.4 billion at a roughly $12.7 billion valuation
Pinterest's filing reported that the company had lost $63 million in 2018
Pinterest, which plans to list under the symbol "PINS" on the New York Stock Exchange, set a placeholder amount of $100 million to indicate the size of the IPO.
Pinterest is advertising to add users as other, larger networks start to mimic parts of its product
Financial terms of the deals are yet to be disclosed