Any plans for Freetrade to allow access to IPOs on the same day as the launch?
The technology companies Pinterest and Zoom Video Communications rallied in their public market debuts, easing concern about “unicorn” listings after the recent stumble by the ride-hailing company Lyft.
Shares in Zoom shot up 72 per cent to end their first day of trading at $62, while Pinterest rose 28 per cent to $24.40. The closing prices valued Zoom at $18bn based on a full-diluted share count, while Pinterest was valued at $16bn.
I find it amusing that the unrelated penny stock ZOOM has also been soaring:
I’ve just been reading that
Glitch in the matrix and evidence against 100% market efficiency. Those ‘fake zoom’ returns though
Its recent gains mean that $100 invested in the entity on March 21, when shares were around $0.005, would have netted an investor about $84,000 as of Thursday morning.
It’s times like that this that really make you want a DeLorean.