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Zoom Video prices $ 1.75 billion. Secondary offer with 5% discount



Zoom Video Communications Inc. ZM,
+ 5.66%
announced late Tuesday that it has priced its 5.1 million secondary offering plus shares at $ 340.00 per share. Gross revenue of $ 1.75 billion is expected. From the tender, which is expected to be completed around or on Friday 15 January. JP Morgan is the sole bookkeeper for the offering and has been given a 30-day opportunity to purchase up to an additional 735,000 shares plus. Zoom stocks, which are widely considered a major recipient of the work-from-home response to the coronavirus pandemic, have risen nearly 390% in the past year.


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