Zoom, the profitable tech unicorn, prices IPO above range

Zoom, the profitable tech unicorn, prices IPO above range

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/04/17/zoom-the-profitable-tech-unicorn-prices-ipo-above-range/

Zoom, a relatively under-the-radar tech unicorn, has defied expectations with its initial public offering. The video conferencing business priced its IPO above its planned range on Wednesday, confirming plans to sell shares of its Nasdaq stock, titled “ZM,” at $36 apiece, CNBC reports.

The company initially planned to price its shares at between $28 and $32 per share, but following big demand for a piece of a profitable tech business, Zoom increased expectations, announcing plans to sell shares at between $33 and $35 apiece.

Zoom, the profitable tech unicorn, prices IPO above range

Apr 17, 2019, 10:30pm UTC
https://techcrunch.com/2019/04/17/zoom-the-profitable-tech-unicorn-prices-ipo-above-range/ > Zoom, a relatively under-the-radar tech unicorn, has defied expectations with its initial public offering. The video conferencing business priced its IPO above its planned range on Wednesday, confirming plans to sell shares of its Nasdaq stock, titled “ZM,” at $36 apiece, CNBC reports. > The company initially planned to price its shares at between $28 and $32 per share, but following big demand for a piece of a profitable tech business, Zoom increased expectations, announcing plans to sell shares at between $33 and $35 apiece.