Pinterest co-founder and CEO Ben Silbermann Photograph by Stuart Isett/Fortune Brainstorm Tech

Pinterest – a long touted IPO contender – has confidentially filed for that, according to the Wall Street Journal. This comes just after Lyft was reported to be heading for an IPO by March end. The Journal says Pinterest – known for its platform for online image searches, with over 250 million monthly users – is targeting a valuation of $12 billion or more, a range close to its $12.5 billion valuation from a 2017 round.

Other companies said to be preparing to go public include Cloudflare, Bitfury, CrowdStrike, Palantir and Grindr. Pinterest’s reported filing signals an example of a hurry to the public markets by large and highly valued tech companies. 2018 was a hot year for IPOs, with companies like Eventbrite, Nio, Funding Circle, Spotify, Aston Martin, Farftech, Elastic, Domo, Xiaomi, Opera, Bloom Energy, SurveyMonkey and Sonos debuting on the public markets.

Pinterest CFO Todd Morgenfeld image : Pinterest

This year’s IPO train may also likely be hot, with the expected debuts of Uber, Slack and Lyft, three companies that could command a combined value north of $100 billion on the public markets. The three companies – Uber, Slack and Lyft – are said to be targeting valuations of up to $120 billion, up to $25 billion and up to $10 billion respectively, on the public markets.

Launched in 2010, Pinterest has grown to one of the most visited web properties, leading as a top visual bookmarking tool globally. The San Francisco based company has raised some $1.5 billion in funding according to Crunchbase data, from investors including Rakuten, SV Angel, Bessemer Venture Partners, FirstMark, Andreessen Horowitz and Fidelity.

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