Zoom Communications, Inc.

Zoom Communications, Inc. (ZM) priced its initial public offering on Apr 18, 2019 at $36.00 per share, above its $33.00–$35.00 range, raising $751.3M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $866.5M. Cooley advised the company and Wilson Sonsini advised the underwriters.

Zoom Video Communications, Inc. provides a video-first communications platform offering video, voice, chat and content sharing. Its cloud-native service connects people across different devices and locations and supports meetings with thousands of participants.

Status

IPO

Ticker

ZM

Exchange

Nasdaq Global Select

Priced

Apr 18, 2019

IPO price

$36.00

Price range

$33.00–$35.00

Raised

$751.3M

Market cap at IPO price

$866.5M

First filed

Mar 22, 2019

Company counsel

Cooley

Underwriters' counsel

Wilson Sonsini

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.