For Pinterest and Zoom Video, braving the public waters may be less an act of audacity than an act of necessity. The two companies are the latest among a class of tech “unicorns” to go public, with their first trades expected Thursday morning. Pinterest, the larger of the two, priced its shares above their expected range late Wednesday at $19, valuing the social network around $10 billion. Zoom also priced its shares above its recently raised range at $36, giving the provider of cloud-based videoconferencing services a valuation...
Source: Wall Street Journal April 18, 2019 09:56 UTC