Even though Zoom might have fallen out of grace in the eyes of the press in oppose to momentum that Uber had ahead of its IPO that failed as soon as the first trade opened on May 10th, Zoom is dubbed the most valuable tech IPO in 2019.
By far, Zoom made it with 72% of rises in share price during its first-day trading, although Beyond Meat (BYND) takes the rank of the biggest IPO in 2019 by far, with 163% increase on the opening trade.
Still, Zoom (ZM) stands as the most valuable tech IPO in 2019.
Zoom (ZM) Had a Successful IPO: Zoom Still Rising After a Month Since IPO Debut
Zoom had a significant drop by -9% on May 13th, almost a month later since Zoom went for a public debut.
However, Zoom managed to rise by 103% in the period of 30-days since first appearing in the stock market.
As analysts indicate, the share price of Zoom is also partially reflecting investors’ enthusiasm, which in addition explains the latest drop by -9% as well, as investors are slowly getting wary.
This might be the case also due to the fact that analysts who are tracking Zoom shares consider the share to be ranked as either “hold” or “sell”.
Based on the analysis created after the initial public offer, Zoom Video Communications listed under the thicker ZM, now has a market cap of 43 billion dollars, counting in addressable market.
Starting from 62$ on the opening sale on April 18th, trading at 73$ nearly 30 days later.
Additionally, the value of Zoom shares has significantly increased since the IPO debut. However, investors are clearly becoming cautious as it appears that ZM shares are reaching their peak by far based on the value of the company.