Friday, 24 March, 2023

Zoom to raise $1.5 bn through stock offering

<p>Zoom Video Communications would raise $1.5 bn through a stock offering, capitalising on surging demand for the VC platform during the pandemic. It would give its underwriter a 30-day option to buy $225 mn of Class A stock at the public offering price, excluding underwriting discounts and fees. The new shares will start trading Jan. 13, people familiar with the matter. Zoom has gained 362% in the past 12 months.</p> <p>&nbsp;</p>