Zoom Raises $752M in Nasdaq IPO

April 18, 2019

Zoom (ZM), a leading video communications platform, raised nearly $800 million in its initial public offering on the Nasdaq exchange. The stock saw very large demand after pricing at $36 per share.

According to public record, in 2018 Zoom had revenue of more than $330 million, more than double what it had in 2017, and was profitable on the bottom line.

Hillhouse was an early investor in the company.