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Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/17/zoom-prices-ipo-at-36-per-share-source.html

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion.

Zoom, which is slated to start trading on Thursday on the Nasdaq, had originally given a pricing range of $28 to $32, but investor demand was so high for the profitable, fast-growing company, that the offering ended up well above that mark. CNBC reported earlier on Wednesday that the company would price at the top end of the increased range — $33 to $35 — and possibly above it.

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