Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Zoom video to offer 1.5 billion. Dollar shares in guaranteed offering

Zoom video to offer 1.5 billion. Dollar shares in guaranteed offering



Zoom Video Communications Inc. ZM,
-3,40%
said Tuesday that it has begun a guaranteed bid of $ 1.5 billion. dollars shares in its A share. JP Morgan is the sole bookrunner on the deal and has a 30-day opportunity to acquire up to an additional $ 225 million of the shares. Zoom has been one of the technology companies that has benefited from the coronavirus pandemic, as many people have been forced to work from home and use its service to communicate with colleagues, family and friends. Zoom stocks fell 2.6% in pre-market trading on the news, but have continued to rise 362% in the last 1

2 months, while the S&P 500 SPX,
-0.66%
has received 16%.


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