With Lyft making its Wall Street debut, WSJ's Lee Hawkins outlines the three biggest challenges the ride-hailing service will face in the next 12 months. Photo: AP: ReutersA pair of technology unicorns will launch themselves into the public markets Thursday, hoping the messy recent debut of Lyft Inc. is in the rearview mirror. Online image board Pinterest Inc., whose initial public offering has been one of the most widely anticipated in a banner 2019 for IPOs, will price its shares Wednesday evening. People familiar with the matter say it is likely to price above its proposed range. Yet it may be eclipsed in valuation by a lesser-known videoconferencing company, Zoom Video Communications Inc.,...
Source: Wall Street Journal April 17, 2019 09:22 UTC