Pinterest, the lifestyle-focused social network, is pining to go public.
On Monday, Pinterest said in an Securities and Exchange Commission filing that the company plans to sell 75 million shares at a range of $15 to $17 per share in its upcoming initial public offering. This means Pinterest could raise $1.3 billion if the price is set at $17.
The San Francisco-based company filed last month to go public. Founded in 2010, Pinterest said it has more than 250 million monthly active users and brought in more than $755 million in revenue last year. The company plans to list on the New York Stock Exchange as PINS.
Pinterest declined to comment on the filling.