Zoom Video Communications (ZM) to Raise $627 Million in IPO
In the last year, Zoom Video Communications generated $330.5 million in revenue. Zoom Video Communications has a market-cap of $7.7 billion.
Morgan Stanley, J. P. Morgan, Goldman Sachs and Credit Suisse acted as the underwriters for the IPO and BofA Merriil Lynch, RBC Capital Markets, Wells Fargo Securities, JMP Securities, KeyBanc Capital Markets, Piper Jaffray, Stifel and William Blair were co-managers.
Zoom Video Communications provided the following description of their company for its IPO: “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. “.
Zoom Video Communications was founded in 2011 and has 1702 employees. The company is located at 55 Almaden Boulevard, 6th Floor San Jose, CA 95113, US and can be reached via phone at (888) 799-9666.
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