Videoconferencing Company Zoom Readies IPO – Sources

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Story by Liana B. Baker and Carl O’Donnell, Reuters

Zoom Video Communications Inc, a conferencing company started by an early engineer at collaboration software maker Webex, is preparing for an initial public offering (IPO), people familiar with the matter said on Friday.

Zoom is aiming to be valued in the IPO at several billion dollars more than the $1 billion valuation it achieved in its most recent funding round in 2017, when it received $100 million from venture capital firm Sequoia, the sources said.

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