Comment on Zoom gets billions more in investor love than Pinterest in their market debuts

Zoom gets billions more in investor love than Pinterest in their market debuts

The value of Zoom Video Communications Inc. surpassed Pinterest Inc.'s on Thursday as both companies made their stock-market debuts. The market cap of San Jose-based cloud-based video communications company Zoom ended its first day of trading on Nasdaq at nearly $16 billion. That handily topped the valuation of just under $13 billion given to San Francisco-based Pinterest at the end of its first trading day on the New York Stock Exchange. Both companies topped their IPO targets and their shares…

 

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