Zoom Video Raises $1.75 Billion in New Stock Offering
- Zoom is selling 5.15 million shares at $340 apiece in offering
- Offer price represents 4.7% discount to last close on Tuesday
Photographer: Olivier Douliery/AFP/Getty Imags
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Zoom Video Communications Inc. is raising $1.75 billion through a stock offering, capitalizing on enduring demand for the video-conferencing platform during the pandemic.
Zoom is selling about 5.15 million shares at $340 apiece, representing a 4.7% discount to its last close, according to a statement on Tuesday. The offering is expected to close on or about Jan. 15.