Zoom increases IPO price range and can now be worth $ 9 billion in debut
Zoom, video conferencing software provider, increased the price of the IPO site on Tuesday, and shows that investors have high hopes for fast-growing cloud computing, especially when they can win.
The company stated in an updated prospect that it now expects to price the offer of $ 33 to $ 35 per share, up from the previous range of $ 28 to $ 32. At the top end of Current Range, Zoom would be worth $ 8.9 billion.
Even before you increased the range, Zoom was one of the most valuable shooting software companies, based on the valuation of the size of the business. would act for 27 times Zoom's business value, the demand of only security vendor Zscaler, which has an EV / sales multiple of 33, according to FactSet. Okta has a majority of 26.5, followed by Atlassian of 25.8.
Zoom revenue Increased 1[ads1]18% last year to $ 330.5 million, with the rare difference between Amon G's new technology companies being profitable, Zoom will hit the market at about the same time as Pinterest this week, which will be the other notable software offerings one year after PagerDuty, which debuted last week and has achieved 58 percent from the IPO prize of $ 38.
Emergence Capital, Zooms Biggest Outside Shareholder, Will Own an Over $ 1 Billion Shareholding
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