Zoom will price IPO above range - CNBC

|About: Zoom Video Communications, ... (ZM)|By:, SA News Editor

Zoom Video Communications (ZM) will set its IPO price at the high end or above the already raised $32 to $35 range, according to CNBC sources.

Zoom's expected to price the IPO today before going public tomorrow.

The company will be the second notable software debut this year after PagerDuty's (PD +1.1%last week.

Zoom competitor LogMeIn (LOGM -0.7%) is trading slightly in the red at the moment as are Zoom stakeholder Atlassian (TEAM -1.7%) and share purchaser Salesforce (CRM -1.4%), which will pick up $100M shares in a private placement at the IPO price.

Previously: Zoom raises IPO range up to $35/share (April 16)

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