Luckin Coffee Rises Sharply in Trading Debut

Shares of China-based coffee chain Luckin Coffee (LK)  rose sharply in their trading debut Friday on the Nasdaq Stock Market, well above the initial public offering price of $17. At last check, the stock was jumping 25.1% to $21.27. The first trade for Luckin Coffee was $25. The Xiamen-based company last week filed for an initial public offering of 33 million shares at an expected range of between $15 and $17 a share. Established in 2017 and dubbed the “Starbucks of China,” Luckin is the second-biggest coffee chain in China after…

Pinterest Begins Trading at $23.75, 25% Above IPO Price

Shares of Pinterest (PINS  surged in their trading debut on Thursday, jumping nearly 30% above their initial public offering price of $19 a share. As of mid-afternoon, the stock was up 28.3%, or $5.37, at $24.37 on the New York Stock Exchange.  Pinterest raised $1.43 billion in the IPO, which valued the company at $12.7 billion, but based on the opening trade, the valuation jumped to $15.9 billion. The indicative range for the offering initially was $15 to $17 a share, though investors appeared to be hungrier for the online pinboard social media company despite…

Beyond Meat Looking to Raise a Juicy $184M in IPO

Plant-based simulated meat maker Beyond Meat is planning to raise up to $183.8 million from an initial public offering, according to its most recent filing with the Securities and Exchange Commission. The El Segundo, Calif.-based company said it expects to offer 8.75 million shares, out of its 57.4 million outstanding shares, priced between $19 and $21 a share in the IPO. The higher end of the indicative price range gives the company a market value of $1.21 billion. Beyond Meat filed its initial IPO prospectus with the SEC at the end…

Pinterest and Zoom Zoom on Second Day of Trading

Zoom-zoom. Shares of last week’s IPO darlings Pinterest (PINS and Zoom (ZM  both zipped higher on their second day of trading Monday afternoon as investors digested the longer-term prospects of both companies. Shares of Pinterest were up 4.5% to $25.50 in mid-afternoon trading on Monday, while shares of Zoom recovered from early losses and were up 7.4% at $66.60. Earlier they were down more than 2.3% at $60.60. The two tech unicorns that went public on Thursday closed well above their initial public offering prices, with Pinterest up 28.4% and Zoom up 72.2% on their first day of trading. On Wednesday, Zoom…

Lyft Shares Ride Higher as Analysts Roll Out Mostly Bullish Coverage

Shares of ride-sharing company Lyft (LYFT rode higher in early trading on Tuesday, extending Monday’s gains, as a slew of analysts rolled out their mostly positive analysis and forecasts for the ride-sharing company. Shares of Lyft were up 1.3% to $61.77 on Tuesday morning, after gaining more than 4.4% to end Monday’s trading at $60.94. The company went public at an initial offering price of $72 a share on March 30. Driving Tuesday’s gains were a slew of initial analyst research reports on the company, starting with Cowen & Co.’s John Blackledge, who launched coverage…