The Rakuten-backed social media and e-commerce company, valued at more than $12bn, will select underwriters next month and could go public as soon as April.

US-based social media company Pinterest plans to select bankers next month for an initial public offering that would enable e-commerce firm Rakuten to exit, the Wal Street Journal reported on Wednesday. The company was valued at $12.3bn as of its last funding round in June 2017, and people familiar with the company‚Äôs plans told the…

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