Uber, Pinterest reportedly settle on NYSE for respective IPOs GlobeTechnology
Uber Technologies Inc and Pinterest, two of the highest profile internet companies planning to go public this year, have picked the New York Stock Exchange as the venue for their stock listings, according to sources familiar with the matter.NYSE has become the exchange of choice over NASDAQ for big technology companies in the past few years after NASDAQ famously bumbled the Facebook IPO with massive technology errors.
Bloomberg first reported the Uber news on Thursday while the Wall Street Journal first reported the Pinterest news. Pinterest, which owns the image search website known for food and fashion photos, was valued at $12 billion in its last fundraising round in 2017. The San Francisco-based company has grown rapidly since its founding in 2008, boasting 250 million monthly active users last September.
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