Zoom just closed a $2billion public offering at $340/share. The company had initially announced raising between $1.5bln and $1.75bln and ended up raising far more than that. Zoom didn’t really need the cash. According to the CFO, she just “wanted to preserve optimal flexibility for our balance sheet”. The company hasn’t documented their spending plans as yet. Details will most likely be released at the time of their earnings announcement in March.
Will More Companies follow Zoom’s example?
Will More Companies follow Zoom’s example?
Will More Companies follow Zoom’s example?
Zoom just closed a $2billion public offering at $340/share. The company had initially announced raising between $1.5bln and $1.75bln and ended up raising far more than that. Zoom didn’t really need the cash. According to the CFO, she just “wanted to preserve optimal flexibility for our balance sheet”. The company hasn’t documented their spending plans as yet. Details will most likely be released at the time of their earnings announcement in March.