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MarketWatch First Take: Pinterest’s IPO filing: 5 things investors should know

Pinterest Inc. filed its first round of its much-anticipated initial public offering documents on Friday, after the market closed, and the 184-plus page S-1 had a surprise or two about the online image discovery company.

The company, which looks like it is attempting the sunset version of dual-class stock, is expected to go public as soon as April, according to The Wall Street Journal, and it was last valued at about $12 billion as a private company.

The San Francisco-based company tried to explain itself to Wall Street, where some investors might still not really understand what the company does, but it was not able to come up with something succinct or catchy such as online scrapbooking site, or an online image discovery engine.

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