Zoom Announces Pricing of $1.75 Billion Public Offering

SAN JOSE, Calif., Jan. 12, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM), a leading provider of video-first unified communications, today announced the pricing of an underwritten public offering of 5,147,059 shares of its Class A common stock at a price to the public of $340.00 per share. The aggregate gross proceeds from the offering are expected to be approximately $1.75 billion, before deducting the underwriting discounts and commissions and estimated offering expenses. The offering is expected to close on or about January 15, 2021, subject to customary closing conditions. In connection with the offering, Zoom has granted the underwriter a 30-day option to purchase up to an additional 735,294 shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. Published on : http://www.globenewswire.com/news-release/2021/01/13/2157563/0/en/Zoom-Announces-Pricing-of-1-75-Billion-Public-Offering.html…

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