- Shares of Pinterest Inc surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion and signaling increased investor appetite for new tech listings.
Its shares opened at $23.75, well above the $19 they were priced at, and touched a high of $24.99 in its first hour of trading. Thursday also saw a successful debut by U.S. video conferencing firm Zoom Video Communications, which soared 80 percent above its IPO price of $36.
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IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tapThe initial public market is bracing for its biggest week of the year so far with eight deals on tap expected to raise $2.5 billion in proceeds.
Source: MarketWatch - 🏆 3. / 97 Read more »
Pinterest and Zoom to Test IPO Market After Lyft’s StumbleA pair of technology unicorns will launch themselves into the public markets Thursday, hoping the messy recent debut of Lyft Inc. is in the rearview mirror.
Source: WSJ - 🏆 98. / 63 Read more »
Pinterest and Zoom indulge in IPO micro-agressionBoth 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.
Source: Breakingviews - 🏆 470. / 51 Read more »
Stocks making the biggest moves midday: Pinterest, Zoom, Blackstone & moreThese are the stocks posting the largest moves midday Thursday.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: Breakingviews - 🏆 470. / 51 Read more »
Zoom Technologies soared 56,000% in the past 30 days — as unrelated Zoom Video prepared its IPOMuch has been made of the buzzy public debut of Zoom Video Communications Inc., the enterprise videoconference software company with a $1 billion valuation,... I generally believe in the idea that markets are “efficient” and priced to perfection. However, this certainly makes the case against that
Source: MarketWatch - 🏆 3. / 97 Read more »
Shares for another company called Zoom are flying, but some might be trading the wrong stockShares of Zoom are in high demand on Thursday morning but there's one problem: It appears to be a case of mistaken identity. People are dumb 😂😂
Source: CNBC - 🏆 12. / 72 Read more »