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.

J.P. Morgan is acting as the sole book-running manager for the proposed offering.

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