According to analysts, most investors were likely impressed with Zoom's rapid growth.
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.
Both companies' performances will dictate the current boom of startups going public.
The offering of 75 million shares was priced at $19, above the expected range of $15 and $17, and raised $1.4 billion in net proceeds.
IPOs of Pinterest and other such loss-making unicorns - startup companies with valuations of at least one billion USA dollars - have presented a predicament for investors sitting on the fence. Meanwhile, Uber said it lost $1.8 billion previous year, if the sale of parts of its Southeast Asia and Russian Federation businesses were excluded. The company is now valued at almost $16 billion.
If they truly do, that could help Pinterest on the long run.
"That's a problem for how much traffic Pinterest can provide to advertisers", Cordwell said. "We call it discovery". It also enables users to link to online shopping and other services to find items they have "pinned". That includes 43% of Internet users in the U.S. and 8 out of 10 moms. Same could be argued for Zoom Video Communications.
Levine said he doesn't see Facebook and Google's dominance in digital ads as an insurmountable duopoly. Pinterest's revenues jumped 60% past year to $756 million. Investors are also aware of the potential threat that Instagram poses. The company is not only a unicorn - a company with a valuation greater than $1 billion - but reportedly profitable.