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Zoom will price IPO above range - CNBC

Apr. 17, 2019 12:33 PM ETZoom Video Communications, Inc. (ZM) StockCRM, LOGM, TEAM, PD, ZMBy: Brandy Betz, SA News Editor8 Comments
  • 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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