Zoom Wants to Raise $ 1.5 Billion in New Shares

The video conference company Zoom wants to bring in extra money and is issuing new shares for this.

It wants to raise at least $ 1.5 billion with that, the company says.

The demand for video conferencing has risen sharply since the corona pandemic. Zoom was also successful in this respect: the share’s value almost quadrupled in the past year.

The price to be paid for the new shares is not known. JPMorgan investment bank supervises the issue. According to sources familiar with the file, the new shares would be traded on the stock exchange from January 13.

It is the largest capital operation for the company since its IPO in 2019, according to the Wall Street Journal.

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