business i m john nelda milan in berlin thanks for joining us the company about describes itself as a platform for inspiration had its first trading day on the new york stock exchange pinterest thought stocks surged more than thirty percent in its debut its valuation has been put at twelve point seven billion dollars the digital fan board site dedicated to sharing pictures of food fashion and travel claims of more than two hundred fifty million monthly users it s the second biggest u.s. i.p.o. this year after riding hailing out lift went public last month like a few of its unicorn peers however it is unclear when or if interest will ever become profitable. yan s court to followed the i.p.o. for us on wall street high end so first lift now pin to rest another bellwether for how tech unicorns might perform as
a bit better. the interest of course not the only company making its debut today at the new york stock exchange there is also the video conferencing tech company zoom so what thirst option been like. well the reception was very warm and welcoming the stock of the room actually went up by a good seventy percent on the first trading session but there was a funny little mishap still some investors obviously got confused because there is a company called zoom to good knowledge and this is a small chinese firm was a market valuation of about sixteen million dollars and some investors obviously got confused and started buying the stock of good knowledge not of xoom media communications so obviously mistakes have been overall if we look at i.p.o. is that we ve seen so far this year on average they ve been up twelve percent so in general it s still a good market environment to get your shares listed at the new york stock exchange