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Home Stock Market Zoom the Most Valuable Tech IPO in 2019: Zoom Share Price Continues...
  • Stock Market

Zoom the Most Valuable Tech IPO in 2019: Zoom Share Price Continues to Rise After 72% on the First Day

By
Maja Rogic
-
May 15, 2019

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.

Table of Contents

  • Zoom (ZM) Had a Successful IPO: Zoom Still Rising After a Month Since IPO Debut
  • Zoom (ZM) Market Cap, Share Price and Value After IPO

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”.

Zoom (ZM) Market Cap, Share Price and Value After IPO

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.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
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  • Zoom IPO value
  • Zoom most valuable tech IPO 2019
  • Zoom share price now
  • Zoom ZM share price May
mm
Maja Rogic
https://theoofy.com/author/majarogic/
Maja is a full-time financial markets & crypto writer at TheOofy, with a vast experience in writing and reporting on financial markets, cryptocurrency and blockchain. She is following up with the financial markets and cryptocurrency space since 2012, first starting out with educational content on blockchain technology and Bitcoin prior to expansion of digital assets.

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