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Zoom Video priced the US$1.75 billion secondary offering at a 5% discount



Zoom Video Communications Inc. ZM,
+5.66%
The company announced on Tuesday evening that it had priced its secondary offering of more than 5.1 million shares at $340 per share, a discount of about 5% to the stock’s trading range on Tuesday. JPMorgan Chase expects the total proceeds of the offering to be US$1.75 billion, which is expected to end around January 15 (Friday). Another more than 735,000 shares. Zoom’s stock is widely regarded as the main beneficiary of working from home and studying at home in response to the coronavirus pandemic. In the past year, the company̵

7;s stock has risen by nearly 390%.


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