ZoomInfo to price IPO $1 above revised price range
ZoomInfo has decided to raise its initial public offering to $1 ahead of its already-buoyed price range, as reported by CNBC.
The final decision remains on how to price its IPO.
It is important to note that ZoomInfo should not be mistaken for the video conferencing service that has been heavily utilized during the Covid-19 pandemic, Zoom Video Communications. The soon-to-be-public company is back by TA Associates, The Carlyle Group and 22C Capital, as per CNBC.
Led by CEO and founder Henry Schuck, ZoomInfo uses artificial intelligence to process data that will be used to aid corporate sales and marketing teams with customer outreach.
(Reference: CNBC)(Image source: ZoomInfo)