IPO News Continues to Center Silicon Valley Ahead of Expected Big Year for Tech IPOs

​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.