Video conferencing company Zoom prices IPO at $36 per share, giving it a $9.2 billion valuation — 9 times its last private valuation

Zoom

• Video communication company Zoom priced its IPO at $36 per share on Wednesday, according to a source familiar with the process.
• This values Zoom at $9.2 billion, up from its last private valuation of $1 billion.
• The company is expected to start trading Thursday on Nasdaq under the ticker "ZM."

The video communication company Zoom priced its IPO at $36 per share on Wednesday, above its expected range,  a source familiar with the process told Business Insider.

This values the company at $9.2 billion — about 9 times its last private valuation of $1 billion in 2017. CNBC previously reported the price.

See the rest of the story at Business Insider

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from Business Insider http://bit.ly/2IDgLz6