- 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)
Zoom will price IPO above range - CNBC
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About ZM Stock
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Symbol | Last Price | % Chg |
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ZM | - | - |
Zoom Video Communications, Inc. |