Breakingviews TV: IPO games

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Breakingviews TV: IPO games
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Watch: Zoom and Pinterest both priced their IPOs above their indicated range. It’s a sign of confidence, of frothy markets, and of insiders not having to care too much about what new investors think, rob_cyran explains.

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Pinterest and Zoom indulge in IPO micro-agressionPinterest and Zoom indulge in IPO micro-agressionBoth tech companies sold shares for more than underwriters previously indicated. True, market debuts give little indication of long-term success. When insiders already hold supervoting shares, though, leaving a bit less on the table is a gentle reminder of who calls the shots.
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Zoom Technologies soared 56,000% in the past 30 days — as unrelated Zoom Video prepared its IPOZoom Technologies soared 56,000% in the past 30 days — as unrelated Zoom Video prepared its IPOMuch has been made of the buzzy public debut of Zoom Video Communications Inc., the enterprise videoconference software company with a $1 billion valuation,...
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