IPO mania: Zoom, Pinterest surge in market debuts

IPO mania: Zoom, Pinterest surge in market debuts

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/3474b4a59ea34022b1b9370961bcef83

NEW YORK (AP) — Investors are giving unicorn technology companies Zoom and Pinterest a rousing reception in their debuts on the stock market.

Zoom Video Communications, which makes video conferencing technology, soared 70% after pricing its initial public offering at $36. Pinterest, which lets users share images of crafts and other projects, jumped 25% after pricing its IPO at $19.