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Zoom Video Set to Price IPO as a Rare Profitable Tech Startup

April 17, 2019, 5:31 PM

So-called unicorns – private companies valued at more than $1 billion – have started to move toward the public markets in droves, with Lyft Inc., Uber Technologies Inc. and Pinterest Inc. all joining the rush of technology companies holding initial public offerings.

This week, an even rarer type of tech startup will join them: one that actually makes money. Zoom Video Communications Inc., a San Jose-based provider of video conferencing services, is set to price its shares April 17 and start trading on the Nasdaq Global Select Market April 18. In its first IPO filing, Zoom reported net income of ...