IPO ZOOM result. Great deal !
Hello to all steemians!
Recently i wrote about IPO Zoom Video Communications. https://steemit.com/ipo/@usstockmarket/zoom-ipo-118-growth-profitability-and-3-forbes-cloud
The result is following:
Zoom priced a full-size deal, 20.9 mm shares, at $36 ( 1$ above upwardly-revised $ 33-$35 range) and opened at $65 for a gain of 80.6 % at first trade.
Zoom Video Communications provides a cloud-based video. Existing shareholders, including Emergence Capital, Sequoia and Yuan sold another 11 million shares.
Zoom is one of the leaders in the field of modern video communications for various companies. One of the company's products is a cloud platform for video and audio conferences, chats, webinars using various mobile and stationary devices. The company was founded in 2011 by Eric Yuan, who initially worked at WebEx. WebEx was acquired by Cisco Systems in 2007 for $ 3.2 billion. Zoom Video is included in the Forbes Cloud 100 list (3rd place), and is also one of the leaders in the Gartner quadrant.
Zoom offers several types of products: conferences, webinar, Zoom Rooms and Zoom Phone. The platform has integration with cloud applications such as Atlassian, Dropbox, Google, LinkedIn, Microsoft, salesforce.com, Slack, and others.
Thank you for your attention!
Keep in mind, that thoughts expressed here are just "opinions", and they should not be regarded as recommendations for stock trading, investments and etc. Any investments include risks.
That's great news! Congratulations to the participants!
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