Founded by a former vice president of engineering at Cisco, Eric Yuan, back in 2011, Zoom soon lived up to the expectations that Yuan had for the project as the company turned out to have a rather profitable business strategy.
Representing a videoconferencing startup, Zoom earned a status of a tech unicorn, currently valued at 1 billion dollars and with an IPO already filed to go to the public on Nasdaq market.
The S-1 filling submitted by Zoom has been already made public, which means that investors may soon see Zoom’s IPO entering the market within a rising trend of tech unicorn IPOs that have also marked the last year of 2018.
More IPOs are arriving in 2019, on the head with Lyft, Uber, Airbnb, Pinterest and Palantir, while Zoom is expected to go live with the public offering at the beginning of Q2 2019.
What to Expect from the Upcoming Zoom IPO?
According to the S-1 filling submitted by the company, there are 242,993,239 shares issued under class B common stock where each share is priced at 0.001$ (par value per share) and class A common stock had authorized 320,000,000 shares while no shares are issued, also stating the price of 0.001$ par value per share.
The company’s IPO is said to be estimated at 1 billion dollars, which makes Zoom a tech unicorn, while it is expected to see the IPO out already in April which could be days or weeks away at the time of this writing.
The company appears to have a healthy growth rate as it reported 151.5 million for 2018 in oppose to 60.8 million in 2017, while mitigating risk factors and lowering losses from 14 million dollars in 2017 to 7.5 million in 2018.
Goldman Sachs and JP Morgan are leading Zoom IPO, while the exact date of the issuance is yet to be officially confirmed.