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Video conferencing company Zoom readies IPO

“No surprises here.  Zoom has done a stellar job of attracting users to its cloud service, and even generated a respectable revenue stream along the way.” – Ira

Oct 26 (Reuters) – 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.

For more insight on Zoom, see our Research Note on Zoomtopia 2018.