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Thursday, April 18, 2019

PINTEREST, ZOOM VIDEO TO DEBUT ON US STOCK EXCHANGES TODAY

Singapore Stocks
Dear readers, today, another two of the highly-watched US IPO stocks will debut the trading on the US stock exchanges today. They are Pinterest and Zoom Video. Interest in these two US IPO stocks are likely to fuel a volatile trading on their first day of debut, so investors looking at buying these stocks on their first day of trading debut should bear the above in mind.
A recent US stock debutant, the widely-touted “Amazon of Africa”, Jumia Technologies had its US IPO price at USD 14.50. On the first day of its trading, its stock price rallied to over USD 25 or by about 75%. After reaching $49.77 (its highest stock price), Jumia stock closed at USD 39.17 yesterday.

As such, investors looking at US IPO stock should do so from an angle of really wanting to own the stock on a long-term basis because of interest and liking in the business or business model. And the investor should determine an acceptable level for his entry into the stock. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


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