Did Zoom and Pinterest Price Their IPOs Too Low?
"The more people learned about Zoom, the more they liked it," said Triton's Rett Wallace this morning on CNBC's Squawk Box. Wallace was responding to questions that Zoom and Pinterest may have priced their IPOs too low, as indicated by strong day-1 trading in the market. Rather than an unforced error, however, Wallace suggested that these low prices might have been necessary following Lyft's poor performance in the weeks prior. Excerpt from the appearance on CNBC's Squawk Box - HERE