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Zoom plans $1.5 billion share sale at 10 times its IPO price

Zoom said on Tuesday that it will sell about 4.4 million shares in a secondary offering.

  • Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City.
  • Zoom said on Tuesday that it plans to raise $1. 5 billion in a secondary share sale, valuing its stock 10 times above where it debuted in 2019.
  • The video chat company, which has been a major beneficiary of the remote work boom during the Covid-19 pandemic, is assuming a share price of $337. 71, based on Monday's close.

CNBC.COM13 Jan, 2021

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Kenneth Ho

Founder & Director @ BEAMSTART. Just launched a VC fund to accelerate awesome startups.

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