Other high-profile companies considering going public include Slack Technologies Inc, Postmates Inc, Palantir Technologies Inc and Airbnb Inc.
Shares of Zoom are in high demand on Thursday morning but there's one problem: It appears to be a case of mistaken identity.
More than living up to its loud IPO hype, video conferencing company Zoom Video Communications opened its first trading day at the NASDAQ Thursday at $65 per share, an eye-popping 80.6 percent above its IPO price.
Pinterest raised $1.4bn (£1.1bn) in one of the most highly-anticipated flotations of the year, valuing it at $12.7bn. In this case, Zoom's ability to profit while growing rapidly made it the clear victor.
Given Lyft's (LYFT) IPO stumble, investors will be paying even closer attention to how Pinterest and Zoom performance post-IPO. Its shares have slumped nearly 20 per cent from the $72 offer price to around $58.
Zoom, the company that made a splash on the Nasdaq with the symbol ZM, is known to for selling video conference software to companies.
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The Start-ups, Pinterest, and Zoom are two of the biggest IPOs this year.
Still, the company's revenue is growing steadily as its losses are falling, underscoring why markets are embracing Pinterest's stock - at least for now. "This IPO is us shouting out loud to the world that we are here to stay, to build, to care, and to deliver happiness".
Despite that insistence that its focus on visual discovery sets it apart from other social platforms, it's clear that Pinterest actually has a lot in common with social media companies like Facebook.
On the other hand, Pinterest is finding its way into e-commerce which offers the potential for a great deal of revenue. It also recently hired Jeremy King, former CTO at Walmart, as its new head of engineering. At the end of past year, according to Pinterest 175 billion Pins have been stored on four billion virtual pinboards.
"We are impressed with Zoom's rapid growth while generating both cash and GAAP profitability, and enterprise traction", said Rishi Jaluria, an analyst at D.A. Davidson in a note to investors March 25.
Yuan, Zoom's founder and CEO, owns 20.5% of his company's stock.