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Marketplace Morning Report

Employers better start saying, "Ok zoomer."

Nov 22, 2019

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How does this year’s wave of IPOs compare to 1999’s?

Meghan McCarty Carino Apr 8, 2019
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Microsoft Corporation stock information is seen at the NASDAQ stock exchange in 1999.
Stan Honda/AFP/Getty Images

The social-networking site Pinterest has set a price range for its initial public offering. At the peak price of $17 per share, the company would be worth a little over $11 billion, down from an estimate of $12 billion last year. Pinterest is part of this year’s wave of IPOs, which started with Lyft last month. Uber, Slack and Postmates are still to come. It’s shaping up to be the biggest wave of stock market launches since the dot-com boom of 1999, the one that ended when the dot-com bubble burst. But while the class of ’19 has some things in common with the class of ’99, there are some important differences.

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