Pinterest and Zoom make their public debut – What you need to know about the markets on Thursday

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<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Two highly anticipated technology companies will make public debut on the market Thursday, & nbsp;Pinterest and Zoom. "data-reactid =" 15 "> Two highly anticipated technology companies will make their public debut on Thursday, Pinterest and Zoom.

An online Pinterest billboard and scrapbooking company will be listed on the New York Stock Exchange under the symbol "PINS", while the video conferencing software company Zoom will be listed on the Nasdaq and will make the exchange under the symbol "ZM".

Both companies enter the IPO market and set their actions on Wednesday night.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Pinterest rated its stock at $ 19which would represent approximately $ 10 billion for the company. Meanwhile, & nbsp;Zoom would have been set at $ 36 per share, valuing the company at $ 9.2 billion. "data-reactid =" 18 "> Pinterest evaluated its stock at $ 19, which would give it a value of about $ 10 billion, while at the same time, Zoom would have cost $ 36 per share, valuing the company at $ 9 billion. , $ 2 billion.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Pinterest lowered its price range last week and has stated that & nbsp;he was expecting his offer to cost between $ 15 and $ 17 a share, which would represent for the company about 11 billion dollars at the top of the range. On the other hand, Zoom has increased its bid price range Tuesday and & nbsp;expected the price between $ 33 and $ 35 per share, giving the company a valuation of nearly $ 9 in the upper end of the range. "data-reactid =" 19 "> Pinterest lowered its price range last week and announced its intention to fix the price of its bid between 15 and 17 shares, which would have The company estimated that its selling price is would place between $ 33 and $ 35 per share, which would give the company a valuation of nearly $ 9 at the end.

Like their tech counterparts, Pinterest and Zoom will offer dual-class shares, but Silicon Valley's two darlings have a fundamental difference on the eve of their IPO. Pinterest has not yet made a profit, but investors remain optimistic as losses have recently declined. Meanwhile, Zoom is now a profitable company. Zoom's gross profits reached nearly $ 270 million last year and revenues more than doubled from 2017 to 2018.

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Given Lyft's (LYFT) Disappointing IPO, investors will be even more attentive to the performance of Pinterest and Zoom after an IPO. "Data-reactid =" 21 "> Given the fall of Lyft (LYFT) in the stock market, investors will be even more attentive to how Pinterest and Zoom post-IPO performance.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At the level of the company's profits, American Express (AXP), BB & T Corp (BBT), Danaher (DHR), Honeywell (HON), Philip Morris (PM) and Schlumberger (SLB"data-reactid =" 22 "> Regarding corporate earnings, American Express (AXP), BB & T Corp. (BBT), Danaher (DHR), Honeywell (HON), Philip Morris (PM) and Schlumberger ( SLB) must report before the market opens.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung."data-reactid =" 24 ">Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 25 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

More from Heidi:

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