JPMorgan and Goldman Sachs to lead Pinterest IPO

Pinterest has hired New York-based investment banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead its initial public offering (IPO).

According to Reuters, San Francisco-based Pinterest could raise around $1.5 billion in the IPO, which is likely to come in the first six months of 2019.

Pinterest's trades on the secondary market valued the company at between $13 billion and $15 billion last year. Before that, it was valued at $12 billion on the heels of its recent fundraising round in…

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