---
title: "Zoom Video Raises $1.75 Billion in New Stock Offering"
description: "Zoom Video Communications Inc. is raising $1.75 billion through a stock offering, capitalizing on enduring demand for the video-conferencing platform during the pandemic."
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Business Maverick"
author: "Bloomberg"
author_url: "https://www.dailymaverick.co.za/author/bloomberg/"
canonical_url: "https://www.dailymaverick.co.za/article/2021-01-13-zoom-video-raises-1-75-billion-in-new-stock-offering/"
published: "2021-01-13T05:16:15"
lang: "en-ZA"
word_count: 218
---

# Zoom Video Raises $1.75 Billion in New Stock Offering

> Zoom Video Communications Inc. is raising $1.75 billion through a stock offering, capitalizing on enduring demand for the video-conferencing platform during the pandemic.

By Bloomberg · Published 13 January 2021, 07:16 SAST

## Content

Zoom is selling about 5.15 million shares at $340 apiece, representing a 4.7% discount to its last close, according to a statement on Tuesday. The offering is expected to close on or about Jan. 15.

It has given its underwriter a 30-day option to buy as much as an additional 735,294 shares of its Class A stock at the public offering price, excluding underwriting discounts and fees, the statement shows. JPMorgan Chase & Co. is the sole bookrunner for the sale.

The stock was up 5.7% on Tuesday in New York.

Zoom has gained more than 380% in the past 12 months, reflecting the demand it has seen as people work, learn and socialize on their computers. The stock has become a barometer of the pandemic economy, rising when Covid-19 lockdowns emerge and falling on good news about vaccines.

Chief Executive Officer Eric Yuan has tried to diversify Zoom’s capabilities for large enterprises, small- and mid-sized businesses and individuals so the company can grow after the coronavirus is controlled and more workers return to their offices.

In Zoom’s latest [earnings report](https://www.bloomberg.com/news/articles/2020-11-30/zoom-projects-revenue-that-would-top-analysts-estimates), it suggested that revenue growth in 2021 may be slightly less explosive than it was last year. Still, Zoom said it expects an increase in sales of 330% in the current quarter, which ends in January.