United States

Pinterest shares surge 28% in public debut

Shares of online scrapbook company Pinterest surged as much as 30 percent in its public debut Thursday, suggesting that investors aren’t yet planning to write off tech listings after Lyft’s rocky first few weeks. Questions have been swirling around demand for tech initial public offerings after Lyft, the nation’s second-largest ride-hailing company, struggled to hold the gains it racked up in its high-profile stock offering earlier this month. Pinterest’s successful debut bodes well for the IPO market as investors brace themselves for Uber’s much-anticipated stock launch. “I think Pinterest gets a gold star for good IPO performance,” Renaissance Capital co-founder Kathleen Smith told The Post. Shares of Zoom Video Commu ...