Zoom raises IPO price range and could now be worth almost $9 billion in debut
https://www.cnbc.com/2019/04/16/zoom-raises-ipo-price-range-and-could-now-be-worth-9-billion-in-debut.html
Zoom, the provider of videoconferencing software, raised the price of its IPO range on Tuesday, showing that investors have high hopes for fast-growing cloud companies, particularly when they can turn a profit.
The company said in an updated prospectus that it now expects to price the offering at $33 to $35 a share, up from its previous range of $28 to $32. At the top end of the current range, Zoom would be worth $8.9 billion.
Zoom raises IPO price range and could now be worth almost $9 billion in debut
Apr 16, 2019, 4:36pm UTC
https://www.cnbc.com/2019/04/16/zoom-raises-ipo-price-range-and-could-now-be-worth-9-billion-in-debut.html
> Zoom, the provider of videoconferencing software, raised the price of its IPO range on Tuesday, showing that investors have high hopes for fast-growing cloud companies, particularly when they can turn a profit.
> The company said in an updated prospectus that it now expects to price the offering at $33 to $35 a share, up from its previous range of $28 to $32. At the top end of the current range, Zoom would be worth $8.9 billion.