![]() ![]() In addition, the company offers Zoom Developer Platform that enables developers, platform integrators, service providers, and customers to build apps and integrations using Zoom’s video-based communications solutions, as well as integrate Zoom’s technology into their products and services Zoom App Marketplace, which helps developers to publish their apps, as well as third-party integrations of Zoom and Zoom Contact Center, an omnichannel contact center solution. It also provides Zoom Rooms, a software-based conference room system Zoom Hardware-as-a-Service allows users to access video communication technology from third party equipment Zoom Conference Room Connector, a gateway for SIP/H.323 endpoints to join Zoom meetings Zoom Events, which enables users to manage and host internal and external virtual events OnZoom, a prosumer-focused virtual event platform and marketplace for Zoom users to create, host, and monetize online events and Zoom Webinars to provide video presentations to large audiences from many devices. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems Zoom Phone, an enterprise cloud phone system and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. While Zoom enjoys relatively less name recognition than other tech unicorns – or companies privately valued at more than $1 billion – such as Pinterest and Lyft, it has distinguished itself by being one of the few tech companies in this year’s IPO rush to post a profit.Zoom Video Communications, Inc. Lyft’s stock is now trading about 17% below its IPO price. However, the tempestuous results of Lyft’s IPO late last month have led to some concern over the sustainable interest in some of this year’s most highly anticipated public offerings. equity market and relatively low volatility in the first quarter have provided a solid backdrop for new companies to hit the public markets. Companies part of this year’s IPO rush have been received with some trepidation from investors on Wall Street and Main Street.Ī strong U.S. Zoom hits the public markets amid an influx of IPOs for highly valued consumer-facing tech companies. The online scrapbooking company also debuted Thursday, listing on the New York Stock Exchange under the ticker “ PINS.” Pinterest shares opened at $23.75, or 25% above their IPO pricing of $19.00. Zoom is going head-to-head with another Silicon Valley tech darling, Pinterest. This was about 9 times its last private valuation from January 2017, and 28 times the company’s annual sales for the year ending January 2019. Zoom, which provides remote video conferencing services via the cloud, had a valuation north of $9 billion after its IPO Wednesday, excluding shares held by employees and some others. ![]() Zoom said in a statement Wednesday it was offering about 20.8 million Class A shares to the public. The San Jose, California-based company priced its initial public offering Wednesday evening at $36 per share. ![]()
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