Zoom raised its IPO price range and could begin trading Thursday with $9 billion valuation
Zoom raised its IPO price range on Tuesday signaling that demand is high for shares of the video conferencing company, which is expected to start trading Thursday on Nasdaq under the ticker symbol "ZM."
At the high end of its new $33 to $35 range, Zoom could be valued at $8.98 billion. This is up considerably from the price range it set last week of $28 to $32 per share, which would have given Zoom a maximum valuation around $8.25 billion.
Regardless of where it prices, Zoom is set to go public at a major premium to its last private valuation of just $1 billion.
This pricing confidence comes after the markets saw two conflicting examples of how Wall Street values high-growth tech companies.
The $21 billion ride-hailing company Lyft went public on March 29 far above its price range, but has since sunk to new lows. Yet PagerDuty, a $1.76 billion enterprise software company, remains far above its IPO price range nearly a week after its listing on April 11.
Pinterest, another member of the unicorn IPO cohort, also priced its IPO last wek at a valuation below its last private funding round. The company priced its IPO at $15 and $17 a share, giving it a valuation of $11.3 billion at the upper end of the range. It was most recently valued at $12.3 billion by private investors in 2017.
Source: businessinsider
Industry: Unified communication news
Latest Jobs
-
- Data Privacy Lead. Client Facing London. Permanent.
- London
- N/A
-
Data Privacy Lead. Client Facing London. Permanent. London based client facing. Must be eligible to undergo UK Security Clearance (SC) Key Responsibilities: Lead and support client facing data privacy projects. Assess compliance, define and deliver strategic projects / implement privacy solutions. Manage project teams and develop business opportunities. Required Experience: Experience in data protection and privacy standards. Background in consulting. Skills and Qualifications: Business consulting experience IAPPPrivacy Manager / Privacy Technologist Location Greater London UK based role. Not able to provide VISA sponsorship.
-
- VOIP / SIP App Developer. Contract. SIP | VOIP experience needed. SC Cleared Outside IR35 Contract. London
- London
- OUTSIDE IR35
-
SIP | VOIP Developer. SC Cleared Contract. London Looking for a SC Cleared SIP / VOIP Developer to develop an application that interacts with a set of voice and video signalling API’s You will also work on developing in-house applications, browser plugins and automated tooling to support secure communication systems. Responsibilities Develop an application that will manage number mapping and associated identities using commercial SBC API’s. Develop new user-facing features using React.js or other modern JavaScript frameworks. Build reusable components and front-end libraries for future use. Collaborate with the design team to translate UI/UX design wireframes into code. Work closely with backend developers to integrate front-end code with server-side logic. Conduct code reviews and provide constructive feedback to team members. Stay up-to-date on emerging technologies and industry trends to continuously improve our front-end development practices. Troubleshoot and debug issues that arise during development and in production environments. Maintain high coding standards and practices and ensure code is well-documented. Requirement Experience of developing specialist applications using REST API’s. Good knowledge of Go, Java and Python (open to alternative combinations of languages). Proficiency in front-end languages and frameworks such as HTML, CSS, JavaScript, React.js, etc. Strong understanding of web standards, responsive design, and cross-browser compatibility. Experience with version control systems such as Git. Knowledge of RESTful APIs and asynchronous request handling. Familiarity with UI/UX design principles and tools.
-
- Senior Data Privacy Consultant. Client Facing | London
- London
- N/A
-
Senior Data Privacy Consultant. Client Facing | London Senior Data Privacy Consultant needed for a key client facing opportunity. Must be willing to undergo SC Security Clearance. Hybrid role- onsite with customer / office 2-3 days a week. London Key Responsibilities: Lead and support client facing data privacy projects. Assess compliance, define and deliver strategic projects / implement privacy solutions. Manage project teams and develop business opportunities. Required Experience: Experience in data protection and privacy standards. Background in consulting. Skills and Qualifications: Business consulting experience IAPP Privacy Manager / Privacy Technologist Location Greater London UK based role. Not able to provide VISA sponsorship.
-
- Security Analyst - Internal role. London commutable. Permanent
- London
- N/A
-
Security Analyst - Internal role. London commutable opportunity. Operational Security - Investigate, escalate and proactively work to ensure household name remains protected. Project Security - Coordinate, log change requests with project delivery teams to meet security requirements Policy / compliance - work with team to aid in uplifting these as and where needed This role is role to investigate, escalate and proactively work to protect a globally recognised brand. You must have current hands on operational analytical security experience with Microsoft technology stack Someone with a SOC Analyst / security engineering background would be well suited. This position will join a small team and would suit someone that has broad experience across the security threat landscape. Experience / knowledge across industry GRC standards such NIST, ISO27001 etc very advantageous and a priority. You will work across multiple teams proactively working to secure the business. Must be able to commute to Central London 3 days a week. Visa sponsorship not available Apply today to find out more.