The Pinterest Inc. application is displayed on an Apple Inc. iPhone in this arranged photograph taken in Little Falls, New Jersey, U.S. (Photographer: Gabby Jones/Bloomberg)

Pinterest Seeks Up to $1.28 Billion in IPO, Below 2017 Value

(Bloomberg) -- Pinterest Inc. is seeking to raise as much as $1.28 billion in an U.S. initial public offering that could value the company below the amount it reached in its last private valuation.

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