Zoom rival Pexip launches lockdown listing with video roadshow

LONDON (Reuters) – Norway’s Pexip announced virtual roadshows on Monday in a step towards becoming the first European company to complete an initial public offering (IPO) remotely, as it looks to build on demand for video-conferencing due to the coronavirus crisis.

Pexip, which rivals video conferencing software such as Zoom and BlueJeans and says it is used by the U.S. military and the German government, may blaze a trail for others, bankers said.

A combination of turbulent markets due to the economic impact of the coronavirus pandemic and the logistical hurdles of conducting a deal remotely during lockdowns in most of the world has deterred companies from launching IPOs. […]