$1 billion video conferencing startup Zoom has picked banks but is sitting in SEC purgatory ahead of a planned IPO

Zoom, the $1 billion video conferencing company, is in the process of filing confidentially with the Securities and Exchange Commission, a source told Business Insider.
While the company submitted its paperwork, it hasn't gotten confirmation from the regulator, which was mostly shut down throughout January with the rest of the US federal government.
Zoom is working with Morgan Stanley, JPMorgan, Goldman Sachs and Credit Suisse on its IPO.
The $1 billion video conferencing company Zoom is in the process of filing confidentially for an IPO with the Securities and Exchange Commission but its registration is stuck due to the government shutdown, according to a source familiar with the company's plans.
While Zoom has submitted paperwork with the SEC, the company still isn't officially filed because of a processing delay, the source added.
The startup has picked banks for a public offering that include Morgan Stanley, JPMorgan, Goldman Sachs and Credit Suisse, the source said.
Representatives for Zoom and the banks declined to comment.
Reuters previously reported that Zoom was preparing for an IPO with Morgan Stanley last October.
Zoom was founded in 2011 by CEO Eric S. Yuan, who was previously VP of engineering at the video conferencing company WebEx. Yuan joined Cisco in 2007 when it bought WebEx for $3.2 billion.
Zoom, which sells subscriptions for enterprise-grade video conference services, is used by companies including Uber and Box. Morgan Stanley also uses Zoom's video conferencing technology, which played a role in the company's decision to appoint the bank as its lead underwriter, the source said.
The company is cash flow positive, the source said. It was last valued at $1 billion in a Series D led by Sequoia Capital in 2017. The company is also backed by Qualcomm.
Zoom is just one of a handful of tech unicorns awaiting feedback or confirmation from the SEC following the federal government shutdown. The ride-hailing competitors Uber and Lyft reportedly had not gotten comments from the SEC as of January 9, despite filing confidentially in early December, ahead of the shutdown.
rities and Exchange Commission but its registration is stuck due to the government shutdown, according to a source familiar with the company's plans.
While Zoom has submitted paperwork with the SEC, the company still isn't officially filed because of a processing delay, the source added.
The startup has picked banks for a public offering that include Morgan Stanley, JPMorgan, Goldman Sachs and Credit Suisse, the source said.
Source: businessinsider
Industry: unified communication news

Latest Jobs
-
- Identity Channel Partner Manager | London
- London
- N/A
-
Identity Channel Partner Manager | London Location: South East UK (commutable to London) We are working with a Cyber Security business who are looking for a Channel Partner Manager to drive and grow relationships across their identity ecosystem. Prior experience working within VARs, distributors, vendors or resellers in the identity space is essential. You must have experience working with technologies such as CyberArk, Sailpoint, Okta etc Responsibilities will include, but not be limited to: Build, maintain and develop strong relationships with channel partners. Work closely with partner sales teams to support growth drive sales opportunities. Identify and onboard new partners while strengthening existing partnerships. Act as the key point of contact for all channel-related activity. If you are an experienced channel professional, with experience in the Identity space and are ready for your next challenge, apply today.
-
- Service Architect- DACH regions
- Germany
- Upto €110,000 plus bonus and benefits
-
Lead Service Architect with the authority and experience to take control of complex, multi-million-euro outsourcing bids. This role is about leading the Service/ solutioning effort, bringing structure to chaos, and driving the entire bid team to deliver winning proposals. The company area a global managed services business working with enterprise and public sector clients, across Cloud, End-User Computing, Digital Workplace, Service Desk, and Network Infrastructure. What You’ll Do: Lead Service/ solution design from qualification to contract. Control bid teams — architects, pricing, delivery, and SMEs. Break down RFPs/RFIs into actionable, costed, client-ready solutions. Present internally and to clients at decision-maker level. Run solution workshops, own the architecture, and shape the financial model. You’ll Need: Experience working as a Service architect, Service Manager or Customer Success Manager R Gravitas to lead and drive teams through high-stakes bids. Deep knowledge of managed services delivery and commercial models. Strong technical grasp: Cloud, Security, EUC, Unified Comms, Service Desk, and more. Experience leading deals across onshore, offshore, and hybrid delivery models.
-
- Deal Architect- DACH region
- Germany
- Upto €110,000 plus bonus and benefits
-
Lead Deal Architect with the authority and experience to take control of complex, multi-million-euro outsourcing bids. This role is about leading the solutioning/ Service effort, bringing structure to chaos, and driving the entire bid team to deliver winning proposals. The company is a global managed services business providing solutions to enterprise and public sector clients, across Cloud, End-User Computing, Digital Workplace, Service Desk, and Network Infrastructure. What You’ll Do: Lead the deal from qualification to contract. Control bid teams — architects, pricing, delivery, and SMEs. Break down RFPs/RFIs into actionable, costed, client-ready solutions. Present internally and to clients at decision-maker level. Run solution workshops, own the architecture, and shape the financial model. Be responsible for the service Wrap and ensuring the Service meets clients requirements You’ll Need: A back ground with IT Services Experience in a similar type of role, for example: Deal, Service, or Solution Architect in ICT outsourcing. Gravitas to lead and drive teams through high-stakes bids. Deep knowledge of managed services delivery and commercial models. Strong technical knowledge: Cloud, Security, EUC, Unified Comms, Service Desk, and more. Experience leading deals across onshore, offshore, and hybrid delivery models.
-
- Pre Sales Lead- IT Services
- Germany
- Upto €100,000 plus benefits
-
As the Pre-Sales Lead (Sales Engineer/ Solution Architect) you will drive large-scale ICT managed services and outsourcing deals (from €0.5M to €20M+). You'll work directly with Business Development and clients to design high-impact solutions across Cloud (Azure, IaaS, SaaS, PaaS), EUC, Unified Comms, Security (SIEM, PAM), Networks, and Smart Workplaces. What You’ll Do: Lead the end-to-end pre-sales cycle — from RFI/RFP to contract. Design innovative, client-specific solutions with technical & commercial impact. Present at CxO level and steer proposal strategies & financial models. Collaborate closely with Portfolio, Service Desk, Field, and Digital Workplace teams. Support deal shaping with strong knowledge of ITIL, SIAM, Automation, and cost analysis. What You’ll Bring: Have strong experience in pre-sales or solution architecture. Experience with €M+ managed service deals. Deep technical expertise in modern ICT stack and enterprise IT services. Strong German (C1) and English communication skills. Certifications: ITIL v3/v4 required; SIAM, ISO20000 desirable.