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Video conferencing company Zoom readies IPO, say sources: Reuters

October 29, 2018 | Telepresence Options


Story and images by PE Hub Network

Zoom Video Communications Inc, a conferencing company started by an early engineer at collaboration software maker Webex, is preparing for an initial public offering (IPO), people familiar with the matter said on Friday.

Zoom is aiming to be valued in the IPO at several billion dollars more than the $1 billion valuation it achieved in its most recent funding round in 2017, when it received $100 million from venture capital firm Sequoia, the sources said.

San Jose, California-based Zoom has asked investment bank Morgan Stanley (MS.N) to lead the IPO, which could come as early as next year, the sources said. Zoom's IPO plans are not final and could still change, the sources cautioned, asking not to be identified because the matter is confidential.

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