Back in May 2012, Facebook went public on the Nasdaq stock exchange. It opened at $38. But, the stock price dropped for many months. Recently, the company is trading at $47. This social networking company has had a successful turnaround in the stock price.
Next, Twitter filed for an IPO a week ago. The 140 character response company mentioned that it would go public in December 2013, or in early 2014. This company may have a market cap of $10 billion, after its IPO. Goldman Sachs is said to be
the leading investment bank on the IPO.
Now, Pinterest could be the next big social networking firm to file for an IPO in the next three months.
The company is third only to Facebook and Tumblr for the amount of time people spend on the site, roughly 98 minutes
a month. This statistic is compiled by Comscore, Inc. The San Francisco based company's website gets 28 million monthly visitors.
Pinterest is a tool, in which, people can "pin" their interests (or likes).
Finally, this company could be worth $7 billion after its IPO happens. If you have not been to pinterest.com, see
the image above.
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