Zoom raised its IPO price range and could begin trading Thursday with $9 billion valuation

The company plans to sell its shares for between $33 to $35, up from the $28 to $32 range it set last week.raised its IPO price range on Tuesday signaling that demand is high for shares of the video conferencing company, which is expected to start trading Thursday on Nasdaq under the ticker symbol"ZM."

At the high end of its new $33 to $35 range, Zoom could be valued at $8.98 billion. This is up considerably from the price range it set last week of $28 to $32 per share, which would have given Zoom a maximum valuation around $8.25 billion. Regardless of where it prices, Zoom is set to go public at a major premium to its last private valuation of just $1 billion.

This pricing confidence comes after the markets saw two conflicting examples of how Wall Street values high-growth tech companies.

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