![]() ![]() Zoom will debut on the Nasdaq the same day Pinterest will go public on the NYSE. Zoom is backed by Emergence Capital, which owns a 12.2 percent pre-IPO stake Sequoia Capital (11.1 percent) Digital Mobile Venture, a fund affiliated with former Zoom board member Samuel Chen (8.5 percent) and Bucantini Enterprises Limited (5.9 percent), a fund owned by Chinese billionaire Li Ka-shing. Its losses have shrunk from $14 million in 2017, $8.2 million in 2018 and just $7.5 million in the year ending January 2019.It more than doubled revenues from 2017 to 2018, ending 2017 with $60.8 million in revenue and 2018 with $151.5 million.It posted $330 million in revenue in the year ending Januwith a gross profit of $269.5 million.Zooms stock might still rise higher over the long term. Its adjusted net income surged 514 to 101.3 million. Zoom derives about 20 of revenue from outside the U.S. Zoom raised a total of $145 million from venture capitalists before filing to go public Zooms revenue rose 88 to 622.7 million in fiscal 2020, which ended on Jan. Propelled by these phenomenal results, the stock price surged 396 in 2020 and is now trading at 53 times trailing 12-month (TTM) revenue and 159 times adjusted earnings. Zoom was founded in 2011 and completed its initial public offering on Apat 36 per share.If you haven’t had the chance to dive into Zoom’s IPO prospectus, here’s a quick run-down of its financials: Zoom plans to sell 9,911,434 shares of Class A common stock in the listing, to bring in about $350 million in new capital. The offering gives Zoom an initial market cap of roughly $9 billion, or nine times that of its most recent private market valuation. 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. Inhofe also sold at least 50,000 in stock in an asset management. 27, days after the Senate’s coronavirus briefing, according to Senate records. 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. Inhofe sold at least 180,000 in stocks on Jan. Exports in the first 4 months of coffee year 2020/21 (Oct/20 to Jan/21) have. 500.62 million from the Americas in its fiscal year 2020 (ended January 31, 2020). ![]() ![]() Zoom, a relatively under-the-radar tech unicorn, has defied expectations with its initial public offering. Low Arabica Certified Stocks and high volatility add pressure on the I-CIP. 350 million daily meeting participants used Zoom at the end of 2020. ![]()
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