Zoom tops Lyft as the most valuable tech IPO of the year so far

Zoom tops Lyft as the most valuable tech IPO of the year so far

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/23/zoom-now-the-most-valuable-of-all-the-tech-companies-to-ipo-this-year.html

In just its third day of trading, Zoom has already surpassed Lyft to become the most valuable of all the tech companies to go public this year.

Zoom jumped 5% on Tuesday to $69 to close trading with a market capitalization of $17.7 billion. The stock surged 72% in its debut on Thursday and then rose 6% on Monday. Lyft fell 1.1% on Tuesday to $60.25 and is now valued at $17.2 billion. Pinterest, which also hit the market on last week, is worth $13.7 billion.