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Profitable Zoom Video Aims to Raise Up to $669 Million in IPO

April 8, 2019, 2:02 PM

Zoom Video Communications Inc. is seeking to raise as much as $669 million in its initial public offering, in what could be the fifth biggest U.S. listing so far this year.

San Jose, Calif.-based Zoom is marketing 20.9 million shares for $28 to $32 each in the IPO, which will see the company list on the Nasdaq Global Select Market under the symbol ZM, according to a filing April 8.

The company, which offers video conferencing services, is a rare example of a profitable tech startup seeking to go public. It reported net income of $7.6 million for the year ...

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