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ZoomInfo Rockets over 81% in First Tech IPO of Covid-19 Era
Friday, June 5, 2020
Vancouver, BC, June 5, 2020--In the first tech IPO since the coronavirus shut down much of the U.S. economy, ZoomInfo soared more than 60% in its Nasdaq debut Thursday, underscoring investors' ongoing appetite for high-growth subscription software companies. ZoomInfo priced its IPO at $21 on Wednesday after previously raising the expected range to $19 to $20. The stock closed up 62% at $34 (now at $38), valuing the company at about $13.4 billion. The offering reeled in more than $900 million.
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