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.
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