Zoom Video Announces $1.5 Billion Share Offering
Zoom Video has announced it will raise $1.5 billion in a new share offering that will be its largest since its 2019 initial public offering, according to The Wall Street Journal. Zoom Video shares initially pulled back after news of the offering, but then they flipped into the green, rising more than 1% in early trading. Q3 2020 hedge fund letters, conferences and more Details on Zoom Video's share offeringZoom Video plans to sell about 4.45 million Class A shares through an offering led by JPMorgan Chase. The company intends to use the capital raised through the offering for "general corporat...