Zoom Announces Pricing of $1.75bn Public Offering
TheNFAPost Podcast

Bengaluru, NFAPost: Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, today announced the pricing of an underwritten public offering of 5,147,059 shares of its Class A common stock at a price of $340.00 per share to the public.

The aggregate gross proceeds from the offering are expected to be approximately $1.75 billion, before deducting the underwriting discounts and commissions as well as estimated offering expenses. The offering is expected to close on or about January 15, 2021, subject to customary closing conditions.

In connection with the offering, Zoom has granted the underwriter a 30-day option to purchase up to an additional 735,294 shares of its Class A common stock at the public offering price, less underwriting discounts, and commissions. J.P. Morgan is acting as the sole book-running manager for the offering.

The shares described above are being offered by Zoom pursuant to a shelf registration statement on Form S-3, including a base prospectus, that was filed by Zoom with the Securities and Exchange Commission (the “SEC”) and that became automatically effective on January 12, 2021.

A preliminary prospectus supplement and accompanying prospectus relating to the offering has been filed with the SEC, and a final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC which will be available on the SEC’s website located at http://www.sec.gov.

Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-866-803-9204 or by email at prospectus-eq_fi@jpmchase.com.

Disclaimer: This article shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

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