Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Zoom Video is priced at $ 1.75 billion with a 5% discount

Zoom Video is priced at $ 1.75 billion with a 5% discount



Zoom Video Communications Inc. ZM,
+ 5.66%
announced late Tuesday that it had valued its secondary offering at 5.1 million shares at $ 340 per share, which is approximately a 5% discount on the trading volume of shares on Tuesday. He expects gross revenue of $ 1.75 billion from the offer, which is expected to close on or around Friday, January 15. JP Morgan is the sole share manager for the offer and has been given a 30-day option to buy up to an additional 735,000 plus shares. Shares of Zoom, widely considered the main beneficiary of the coronavirus pandemic pandemic response to work and home learning, have risen nearly 390% in the past year.


Source link