- 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.
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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 😂😂
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