Shares of Pinterest Inc surged almost 30 percent in their stock market debut on ...
- Shares of Pinterest Inc surged almost 30 percent in their stock market debut on Thursday, valuing the online scrapbook company at around $16 billion and signaling investor appetite for new tech listings.
Zoom Video Communications Inc shares also surged in the U.S. video conferencing company’s first day of trading on Thursday, closing 72 percent above their IPO price of $36. Investors are hopeful that money-losing Pinterest, the most high-profile social media company to list in the United States since Snap Inc in 2017, will have a strong run in the market, given the company’s ability to grow revenue and increase its user base.
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Pinterest, Zoom shares surge in market debut after IPOsShares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the...
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Pinterest and Zoom indulge in IPO micro-aggressionBoth tech companies sold shares for more than underwriters previously indicated. True, market debuts give little indication of long-term success. When insiders already hold supervoting shares, though, leaving a bit less on the table is a gentle reminder of who calls the shots.
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