Zoom Video Communications Priced, Nasdaq: ZM

Provides a cloud-based video and web conferencing platform.

Industry: Technology

Latest Trade: $70.08 +4.38 (+6.7%)

First Day Return: +72.2%

Return from IPO: +82.5%

Industry: Technology

We provide a video-first communications platform that delivers happiness and fundamentally changes how people interact. We connect people through frictionless video, voice, chat and content sharing and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations. Our cloud-native platform delivers reliable, high-quality video that is easy to use, manage and deploy, provides an attractive return on investment, is scalable and easily integrates with physical spaces and applications. We believe that rich and reliable communications lead to interactions that build greater empathy and trust. We strive to live up to the trust our customers place in us by delivering a communications solution that “just works.” Our goal is to make Zoom meetings better than in-person meetings. We believe our customer-first focus is a critical part of our DNA and built directly into our platform architecture, which dynamically processes and delivers reliable, high-quality video across devices. Our architecture can support tens of thousands of video participants in a single meeting. Our 13 co-located data centers located worldwide enable us to provide both high-quality and high-definition, real-time video to our customers even in low bandwidth environments.
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IPO News for Zoom Video Communications
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IPO Data
IPO File Date 03/22/2019
Offer Price $36.00
Price Range $33.00 - $35.00
Offer Shares (mm) 20.9
Deal Size ($mm) $751
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/17/2019
Offer Price $36.00
Price Range $33.00 - $35.00
Offer Shares (mm) 20.9
Deal Size ($mm) $751
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters San Jose, CA
Founded 2011
Employees 1,702
Website www.zoom.us