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Pinterest Shares Surge In Market Debut After IPOs

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Pinterest Shares Surge In Market Debut After IPOs

Pinterest Shares Surge In Market Debut After IPOs

According to Reuters, shares of Pinterest surged 25 percent in their debut on Thursday, giving the online scrapbook company a market capitalization of $15.8 billion.

The successful debut bodes well for the U.S. IPO market as it readies for the much-awaited listing of ride-hailing giant Uber Technologies.

Investors are hopeful that Pinterest, the most high-profile social media company to list in the United States since Snap Inc in 2017, will have a strong run in the market.

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