Zoom announces closing of $2bn public offering


Zoom Video Communications, Inc., an international provider of video-first unified communications, has 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 $2bn, before deducting the underwriting discounts and commissions and offering expenses.

J.P. Morgan acted as the sole book-running manager for the offering.