A company called Zoom Technologies is growing because people think it's Zoom Video Communications (ZOOM, ZM)

Insider Markets

Investors wishing to participate in the initial public offering of Zoom Video Communications increased the shares of Zoom Technologies by almost 100% on Thursday morning.

The video-conferencing company Zoom Video Communications has set its initial public offering at $ 36 per share Wednesday night and is expected to be made public at a valuation of more than $ 9 billion. On the other hand, Zoom Technologies researches, develops and sells electronic communication products for mobile phones. Its market capitalization is $ 13.5 million.

In particular, Zoom Technologies' shares went from near zero to $ 5.76 after the filing by Zoom Video Communications in March of his writings.

Zoom Video Communications, a rare unicorn that earns money, will trade under the ZM symbol when it arrives on the market Thursday. Zoom Technologies is listed under the ZOOM symbol.

This is not the first time investors are embarrassed to know which company will be published.

During the public release of Twitter in October 2013, investors proposed shares of Tweeter Home Entertainment, which had the symbol TWTRQ. The title gained up to 1500% that day before reserving a gain of more than 684%.

And in March 2017, Snap Interactive jumped 164% when Snapchat asked to be made public.