Zoom Readies $1.5B Share Sale
January 13, 2021
Zoom Video Communications has commenced an underwritten public offering of $1.5 billion of shares of its Class A common stock. In connection with the proposed offering, Zoom expects to grant the underwriter a 30-day option to purchase up to an additional $225 million of shares of its Class A common stock at the public offering price, less underwriting discounts and commissions.
All of the shares in the proposed offering
will be sold by Zoom. The proposed offering is subject to market and
other conditions, and there can be no assurances as to whether or when
the proposed offering may be completed, or as to the actual size or
terms of the proposed offering.