- 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...
Source: Reuters - 🏆 2. / 97 Read more »
Pinterest and Zoom IPOs: The stocks soar as they start tradingPinterest Inc.’s widely anticipated initial public offering drew a warm reception from investors Thursday. Shares of another technology IPO, Zoom Video Communications Inc., fared even better.
Source: latimes - 🏆 11. / 82 Read more »
Cramer: Overvalued stocks like Pinterest, Zoom could lead to a market peak'The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria in the two deals that went off hot,' Jim Cramer says. Is Cramer advocating investors to Abandon their positions in existing equities? blaha blah blah. 2 weeks ago he said Lyft IPO would be the end of the bull run.
Source: CNBC - 🏆 12. / 72 Read more »
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.
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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 »