The image marking social network priced its original public offer of $ 19 a share on Wednesday, over the original proposed price range of $ 15 to $ 17 per share.
Stocks will start trading on Thursday at the New York Stock Exchange under the ticker "PINS."
Strong demand can ease investor concerns about the stampede of tech unicorns racing to go public this year after Lift's brutal Wall Street debut. 19659004] Lift ( LIFT ) who debuted on Nasdaq at the end of March to $ 72 per share, has been hammered because concerns over their steep losses.
ZM ) A video conferencing company, will also make its debut on the public market on Thursday.
Unlike most of the other brand name technology companies that are running this year, Zoom is profitable and is still growing fast.
2. Vegan success: Unilever was stronger than expected growth in the first quarter on Thursday. The owner of brands like Ben and Jerry and Dove said sales were particularly strong in Asia.
Unilever also marked growing demand for healthier and niche food alternatives ̵
1; such as the new vegan ice cream from vegan.
"Our actions to modernize Our portfolio to meet the trends of authentic, organic and natural, healthy and timely products work, the company said in a statement.
Analysts have some concerns about the large share of revenue growth that came from price increases, instead of sales enhancements. Unilever ( UL ) stock was up 2% in London
Rival Consumables company Nestle ( NSRGF NSRGF ]) also reported stronger than expected sales growth on Thursday, the company's stock opened 1% higher
3. Qualcomm soars: Stocks in Qualcomm has continued to skyrocket since the chip maker announced on Tuesday that it had resolved a patent question with Apple ( AAPL ) .
Qualcomm ( QCOM ) will continue tea to charge Apple royalties for their patents, and Apple will pay Qualcomm a significant fee as part of the deal.
The stock has increased by 40% to a 5-year high after the announcement.
4. Global market overview: US equity contracts were lower before the long weekend. Markets will be closed on good Friday.
The European markets opened mostly lower, following a negative trading session in Asia.
The Dow Jones Industrial Average was closed flat on Wednesday. S & P 500 dropped 0.2% and Nasdaq dropped 0.1%.
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5. Income and Economy: American Express AXP ) Blackstone ( BX ) Honeywell ]] Philip Morris International ( PM ) Skechers ( SKX ) and Schlumberger ( SLB ) will release earnings before the opening.
The US Census Bureau will publish retail data for March at 8:30 pm ET.
6. Coming this week:
Thursday – American Express ( AXP ) Skechers ( SKX ) earnings; US retail
Friday – US markets closed