Vancouver-based ZoomInfo raises $934 million in IPO

Gene Naumovsky

ZoomInfo only estimated receiving half of what its investors paid.

Based in Vancouver, Clark County, ZoomInfo Technologies saw its initial public offering of stock raise $934 million on Thursday, according to The Seattle Times.

The company announced its IPO in November, and only projected half of what it received from investors. Offering 44.5 million shares at $21, ZoomInfo saw its stock value rise to $34 by the market’s closing.

Co-founder and CEO Henry Schuck told The Columbian on Thursday, “I feel really good about the IPO. I feel even better about the company we built. If we can continue on the foundation we’ve built, we can be a successful foundation stock for our shareholders.”

Talking about the company’s live stream virtual bell ringing at Nasdaq’s Times Square tower, Shuck said, “You expect to be in New York City at the Nasdaq building with the 60 people who helped you build the company. We took an event that 60 people would be part of and made it an event that all 1,300 employees could be a part of.”

ZoomInfo’s reported revenue last year amounted to $224.7 million last year, a significant increase from its 2018 revenue of $106.5 million. Shuck reports that ZoomInfo has 15,000 companies and 200,000 sellers and marketers as clients.

Read the full story here.

Comments

Economics, Finance and Investing

FEATURED
COMMUNITY