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The stock price of Pinterest (NYSE:PINS) and Zoom Video Communications (NASDAQ: ZM) surged during its initial public offering (IPO).

On Thursday, the shares of Pinterest surged more than 28 percent to $24.40 each, bringing its market capitalization to $12 billion.

The digital scrapbooking company priced its shares at $19 each, a day before its trading debut and raised $1.4 billion. It offered more 75 million shares of its Class A common stock during its IPO.

Pinterest is focused on improving its platform

Prior to its market debut, several analysts initiated coverage on Pinterest and provided positive comments regarding its growth prospects.

D.A. Davidson analyst Tom Forte noted that the digital scrapbooking company is offering an “impressive visual-based discovery platform” for consumers and a “large and growing global base of consumers with purchase intent” to advertisers. He called it “powerful combination” that could increase Pinterest’s profit and revenue over the long term.

On the other hand, Atlantic Equities analyst James Cordwell believes Pinterest can return to attaining double-digit growth in the second quarter.

The digital scrapbooking company’s CFO, Todd Morgenfeld said, “All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature. But we’re focused on building the best version of Pinterest we can over the next several years.”

Zoom is focused on getting more customers

Meanwhile, the stock price of Zoom sky high on its market debut. ZM shares closed $62 each, up by more than 72 percent from its IPO price of $36. Its market value reached $16 billion.

The videoconferencing company’s stock performance showed that investors are really bullish on its profitability.

In a noted to client last month, D.A. Davidson analyst Rishi Jaluria, wrote, “We are impressed with Zoom’s rapid growth while generating both cash and GAAP profitability, and enterprise traction.”

On Thursday, Zoom CFO Kelly Steckelberg commented, “It is a very favorable market at the moment. Investors really see the opportunity for ‘software as a service’ companies.”

On the other hand, during an interview with CNBC, Zoom CEO Eric Yuan said he told himself and staff after the IPO pricing, “The price tomorrow is out of control…I said, ‘Go back to work and make sure we get more customers.”