Zoom Video Raises $1.75 Billion in Upsized Offering
13 January 2021 - 10:28PM
Dow Jones News
By Colin Kellaher
Zoom Video Communications Inc. said its upsized public offering
of 5.15 million shares was priced at $340 apiece, below Tuesday's
closing price of $356.81.
The San Jose, Calif., online videoconferencing company said it
expects gross proceeds of about $1.75 billion.
Zoom, which on Tuesday had indicated that it planned to raise
$1.5 billion in the offering, said it granted the underwriter a
30-day option to buy up to an additional 735,294 shares.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
January 13, 2021 06:13 ET (11:13 GMT)
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