Wall Street is getting yet another high-profile tech IPO: Pinterest.
The image bookmarking social network priced its initial public offering at $19 a share on Wednesday, above its original proposed price range of $15 to $17 a share.
Shares will begin trading Thursday on the New York Stock Exchange under the ticker “PINS.”
Strong demand may ease investor concerns about the stampede of tech unicorns racing to go public this year after Lyft’s lackluster Wall Street debut.
Lyft, which debuted on the Nasdaq in late March at $72 per share, has been hammered because worries over its steep losses. Its stock closed at just below $60 a share on Wednesday.
Zoom, a video conferencing company, will also make its public market debut on Thursday. It has priced its shares at $36, above its original proposed price range.
Unlike most of the other brand name technology companies going public this year, Zoom is profitable and still growing sales fast.
