Zoom to Offer $1.5b Class A Stock; Shares Dip


Zoom Video Communications has commenced an underwritten public offering of $1.5 billion of shares of its Class A common stock.

  • All of the shares in the proposed offering will be sold by Zoom
  • Zoom expects to grant underwriters a 30-day option to purchase up to an additional $225m of shares of its Class A common stock at the public offering price
  • J.P. Morgan is acting as the sole book-running manager for the proposed offering
  • Zoom shares fall approx. 3% premarket
  • NOTE: Dec. 30, FTC Probe of Zoom’s Relationship With China Urged by a Senator
  • NOTE: Dec. 24, Zoom Named Top 2021 Pick at Davidson; Firm Says to Buy Dip (1)

To view the source of this information, click here

©2021 Bloomberg L.P.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.