Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: Source

📆 2019/04/18 9:26:00
📰 CNBC

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Zoom prices IPO at $36 per share: source

Videoconferencing company Zoom priced its IPO at $36 a share, above of its already increased range and valuing the business at $9.2 billion.

Founded in 2011 by former Webex head engineer Eric Yuan, Zoom has surged in popularity in a crowded market by providing software that works easily across devices and by groups ranging from small teams to large enterprises. Sales jumped 118 percent last year to $330.5 million, and the company reported net income of $7.58 million.

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$9.3b cap? I don't think so.

Is some making a profit?!

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