SAN FRANCISCO — There’s some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies — Zoom and Pinterest — are seeing their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the strong initial performances might reassure investors with jittery nerves following Lyft’s disappointing start less than a month ago. Other high-profile companies, such as Twitter and Snap, also had strong initial trading days but then saw their stock prices fall substantially in the subsequent months. Just three weeks ago, Uber’s smaller ride-hailing rival Lyft also did well on its first trading day before Wall Street pumped the brakes. Lyft is now trading nearly 20% below its initial public offering price.

Source: National Post April 18, 2019 19:30 UTC