Video conferencing company Zoom could be valued at $8 billion in upcoming IPO

📆 08/04/2019 22:05:00
📰 BusinessInsider

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Video conferencing company Zoom updated its IPO price range to $28 to $32, giving the company a possible valuation over $8 billion.

Video conferencing company Zoom has set an IPO price range of $28 to $32 per share, giving the company a $8.25 billion valuation on the upper end of the range.Zoom's IPO valuation is many-times its last valuation of $1 billion. But not everyone in the upcoming IPO cohort is in the same position.

Video conferencing company Zoom could be valued as high as $8.25 billion following its upcoming initial public offering, giving it a major lift from its last private valuation of just $1 billion.. At the midpoint of that range, Zoom would be worth $7.7 billion. The company is expected to start trading next week on the Nasdaq under the ticker symbol"ZM."

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