Zoom, a video conferencing multi-billion dollars unicorns, which has already proven profitability and a favorable growth rate that appears to be more than attractive to investors, is becoming a publicly traded company on Thursday, April 18th, 2019.
The company isn’t the only unicorn going for a public debut on the mentioned date as Pinterest, the well-known social network focused on brands, image search and advertisements, will also make its debut on April 18th.
Zoom IPO: Zoom Sets a Starting Share Price at 36$
Zoom IPO is estimated at the value between 90 billion and 100 billion dollars, previously being valued at 120 billion as one of the biggest IPO by far.
At the time, the company valued its share between 28$ and 32$, raising the share price between 32$ and 35$, while Zoom set its share price at 36$ with another increase ahead of the IPO sale.
Pinterest is Arriving at New York Stock Exchange, Zoom Will Debut on Nasdaq
Even though the two unicorn companies are debuting on the same date, Pinterest and Zoom are quite different, not only when it comes to the sector of business operations, but also regarding evaluation and the starting share price.
Pinterest should list on New York Stock Exchange under the thicker PINS, and Zoom is going public on Nasdaq under the thicker ZM.
Pinterest Determined the Share Price for its IPO Debut
Pinterest also announced their share price, which means that interested investors will be able to acquire the company’s shares at the price range between 15$ and 17$ per share.
Additionally, Pinterest IPO is valued at 11.3 billion dollars, expecting to see the two unicorns raising at least 2 billion dollars in the initial sale.
Only weeks from the time of Pinterest and Zoom IPO debut, Uber should arrive at the market planning on raising 10 billion dollars through the initial sale.