Pinterest is rare 'unicorn' preparing an IPO without haemorrhaging cash

Pinterest's filing reported that the company had lost $63 million in 2018

Pinterest is preparing for its debut on Wall Street with a claim that few other “unicorn” start-ups can make: It is not a financial sinkhole.

While the company is unprofitable, according to an offering prospectus made public on Friday, its losses are nowhere near as high as those of other well-known start-ups like Uber and Lyft, which are also getting ready to list their shares. That makes Pinterest — which lets people create digital “pin boards” — one of the rarer unicorns, a term applied to start-ups valued at more than $1 billion by private market investors.

The deep losses afflicting many