Zoom’s valuation set to surge with latest IPO pricing plans
https://www.mercurynews.com/2019/04/09/zooms-valuation-set-to-surge-with-latest-ipo-pricing-plans/
Video conferencing company Zoom Video Communications took another step toward going public after filing updated paperwork that sets it up for a valuation of as much as $8.25 billion.
In documents filed Monday with the United States Securities and Exchange Commission, Zoom set a price range of $28 to $32 a share for its initial public offering, which is expected to take place next week. Zoom is expecting enthusiasm for its IPO to be high, as the company’s potential valuation dwarfs the $1 billion it was estimated to be worth at the last time Zoom’s private valuation was calculated.