Channelnomics Original

Zoom Rockets Onto Wall Street

April 19, 2019

Stock price for cloud-based video collaboration service soars in IPO

Zoom Video Communications — known simply as Zoom — showed the chronic cash burners of Silicon Valley start-ups how the market appreciates a combination of innovation and profitability as its stock price rocketed 72% on its IPO. The company is now valued at nearly $16 billion.