Zoom’s IPO pits greed against America’s suspicions of tech in China. rob_cyran
Zoom Video Communications on April 8 filed a revised draft prospectus for its upcoming initial public offering, giving a price range of $28 to $32 per share. The online video-conferencing firm plans to sell 11 million new Class A shares, and existing investors hope to sell 10 million. In addition, Salesforce.com has agreed to buy $100 million of shares in a private placement at the same price as the IPO.
At the top of the indicated range, Zoom would have a diluted market capitalization of about $9.5 billion, assuming the underwriters’ overallotment is exercised. Zoom had $331 million of revenue in the year to January 2019, an increase of 118 percent from the prior year. The company reported $7.6 million of income in the most recent year, reversing a loss of $3.8 million the previous year.
Zoom had 1,702 full-time employees at the end of January. Over 500 of these employees were in China, where the company has research and development centers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Video conferencing company Zoom could be valued at $8 billion in upcoming IPOVideo conferencing company Zoom updated its IPO price range to $28 to $32, giving the company a possible valuation over $8 billion.
Consulte Mais informação »
Salesforce is quietly investing $100 million in Zoom ahead of its big IPO — here are its 5 biggest investments in public companiesSalesforce has invested $1.3 billion in other public companies — mostly those that are making software for businesses.
Consulte Mais informação »
Pinterest enters IPO market on a roll, even with Lyft's pullbackLyft's rocky debut has been an exception to the hot IPO market so far this year.
Consulte Mais informação »
Cramer Remix: Why the decline in cloud stocks and Lyft's move higher go hand in handJim Cramer discusses what the drop in cloud stocks signals for the IPO market.
Consulte Mais informação »
Cramer: Tradeweb isn't cheap after its IPO, but it's worth buying slowlyJim Cramer breaks down Tradeweb's IPO and explains why the stock could be worth buying.
Consulte Mais informação »
The monster Aramco bond offering may have just doomed the Saudi oil giant's IPOAramco's incredibly successful bond offering shows the company may not have to tap equity markets as planned.
Consulte Mais informação »
Here's who stands to get rich from Pinterest's IPOPinterest's major stakeholders stand to own hundreds of millions each in the company's stock once it debuts on the public market.
Consulte Mais informação »
Uber plans to sell around $10 billion worth of stock in IPOUber Technologies Inc has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of this offering on Thursday, people familiar with the matter said on Tuesday.
Consulte Mais informação »
Uber readies its massive IPO after a long, bumpy roadTwo years ago, Uber was nearly derailed by allegations of sexism and harassment, a damning investigation into its workplace culture and the exodus of nearly all of its C-suite. Now, it's poised to make its Wall Street debut.
Consulte Mais informação »
Adevinta completes more than $6 billion IPO, Norway's largest in 13 yearsNorway's Adevinta completed a long-planned initial public offering on Tuesd...
Consulte Mais informação »