Zoom Announces Closing of $2.0 Billion Public Offering
16 January 2021 - 08:05AM
Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of
video-first unified communications, today announced the closing of
its previously announced underwritten public offering of its Class
A common stock. Zoom sold 5,882,353 shares of its Class A common
stock, including 735,294 shares pursuant to the full exercise of
the underwriter’s option, at a price to the public of $340.00 per
share. The gross proceeds from the offering were $2.0 billion,
before deducting the underwriting discounts and commissions and
offering expenses.
J.P. Morgan acted as the sole book-running manager for the
offering.
The shares described above were 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 final prospectus supplement and accompanying
prospectus relating to the offering has been filed with the SEC and
is 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.
This press release 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.
About ZoomZoom Video Communications, Inc.
(NASDAQ: ZM) brings teams together to get more done in a
frictionless and secure video environment. Our easy, reliable, and
innovative video-first unified communications platform provides
video meetings, voice, webinars, and chat across desktops, phones,
mobile devices, and conference room systems. Zoom helps enterprises
create elevated experiences with leading business app integrations
and developer tools to create customized workflows. Founded in
2011, Zoom is headquartered in San Jose, California, with offices
around the world.
Press RelationsColleen RodriguezGlobal Public
Relations Leadpress@zoom.us
Investor RelationsTom McCallumHead of Investor
Relationsinvestors@zoom.us
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