Shares of Zoom Video Communications Inc. have jumped 75% in their first day of trading on Thursday. The first trade was executed for $65 at 11:23 ET. Zoom...
Shares of Zoom Video Communications Inc. ZM, +74.72% have jumped 75% in their first day of trading on Thursday. The first trade was executed for $65 at 11:23 ET. Zoom priced its initial public offering at $36 a share late on Wednesday, above an already-increased range of $33 to $35 a share. The videoconferencing company, which listed its shares on the Nasdaq, earned an adjusted profit of 3 cents a share in its latest fiscal year, on revenue of $330.5 million.
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