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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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