Zoom tops IPO targets, raising $357M at a valuation of $9.2B

//Zoom tops IPO targets, raising $357M at a valuation of $9.2B

Zoom tops IPO targets, raising $357M at a valuation of $9.2B

Zoom Video Communications Inc. topped its boosted IPO targets on Wednesday, raising about $357 million in an offering that gives it an initial valuation of about $9.2 billion. That's many times more than the $1 billion valuation given to the San Jose cloud-based video conferencing business by investors in its last funding round in 2017. Some of those investors — including Emergence Capital Partners and Sequoia Capital — are cashing in part of their holdings in this week's offering, selling…

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By | 2019-04-17T23:49:30+00:00 April 17th, 2019|Technology|

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