Report: Zoom, the video conferencing company, may be a public company as early as April

TechCrunch | 2/22/2019 | Staff
moemajor (Posted by) Level 3
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The video conferencing company Zoom is aiming to file a public S-1 by the end of March, according to a new report in Business Insider that adds the company could go public as soon as April.

Business Insider reported last month that Zoom had filed confidentially with the SEC to go public, just months after Reuters reported that the San Jose, Ca.-based company had chosen investment bank Morgan Stanley to lead its eventual IPO.

Company - Comment

We’ve reached out to the company for comment.

Zoom was valued at $1 billion when it raised its last funding in 2017 in the form of a $100 million check from Sequoia Capital. Reuters sources have said they expect the company to be valued at several billion dollars at the IPO.

Company - Emergence - Capital - Horizons - Ventures

The company, founded in 2011, has raised $145 million altogether, including from Emergence Capital and Horizons Ventures. Its earliest backers include Qualcomm Ventures, Yahoo founder Jerry Yang, WebEx founder Subrah Iyar, and former Cisco SVP and General Counsel Dan Scheinman, who has been an active angel investor in recent...
(Excerpt) Read more at: TechCrunch
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