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Zoom’s valuation jumps 9x in overlooked IPO [datagraphic]

Zoom priced its IPO above range at $36 a share, giving the company an initial market cap of $9.2 billion. We took a look at the company’s journey from its founding to the public markets.

Last updated on April 18 to correct how much Zoom raised in the offering.

Zoom Video Communications priced its shares above range at $36 apiece Wednesday, raising $356.8 million in the process. The IPO gives the San Jose-based business an initial market cap of $9.2 billion—a figure that’s nine times more than the unicorn valuation it reached in early 2017 with its latest funding round.

The video conferencing platform developer is one of the few profitable tech companies going public. If Zoom’s latest S-1 filing is any indication, the company has recently seen its growth increase at breakneck speed. The business expanded its international footprint to five countries, including Japan and Singapore, in the past year and exceeded 5 billion monthly meeting minutes on its platform in 2019—an increase of roughly 10x in three years.

Using the company’s S-1 filing and PitchBook data, we broke down the numbers surrounding Zoom’s public debut, its journey to a unicorn valuation and the investors that may end up with a hefty paycheck:

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    Written by Priyamvada Mathur
    Priyamvada Mathur writes about venture capital at PitchBook.

    She is an Indian chartered accountant and has studied economics and journalism.
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