Another week without IPOs, but Silicon Valley tech giants continue to prep for their debuts later this Spring. Pinterest, a social media platform for sharing recipes, home design ideas and style inspiration, has begun interviewing bankers to underwrite its listing.
Meanwhile, Slack lost its Chief Product Officer of four years who will begin investing full-time. The Silicon Valley firm plans to go public by direct listing next quarter. Slack also listed its financials last week, showing $900 million in cash and $221 million in revenue as of late 2018.
AirBnb is also making acquisition moves ahead of its 2019 listing. The company is looking into a purchase of Hotel Tonight, a San Francisco-based platform that sells unsold hotel rooms at a discount. The purchase could help diversify AirBnb's offerings ahead of its IPO, which is expected sometime within the next year or two.