IPO zoom forecast for Wednesday

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<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The manufacturer of videoconferencing software Zoom would have – IPO at $ 36 a share after Wednesday's bell, giving the company a & nbsp;estimated value of about 9.2 billion dollars, according to Bloomberg and CNBC reports. "data-reactid =" 15 "> Zoom videoconferencing software maker would have set the price of its highly anticipated public offering at $ 36 per share after Wednesday's bell, giving the company an estimated valuation of about $ 9.2 billion dollars, according to Bloomberg and CNBC reports.

Now that the shares have been officially listed, Zoom should appear on the Nasdaq under the symbol "ZM" on Thursday morning. Like many of its IPO peers, Zoom will have two-class actions. The San Jose-based company will offer just under 10 million Class A shares to investors on Thursday.

Demand for Zoom has exploded recently. On Tuesday, the company raised its bid to a range of $ 33 to $ 35 per share, up from the original range of $ 28 to $ 32 per share. At the top of the range, Zoom would have a valuation of nearly $ 9 billion.

Zoom's IPO goes hand-in-hand with another Silicon Valley technology fan, Pinterest. The online display and scrapbooking company will also debut in the public market on Thursday morning. Pinterest is about to register on the New York Stock Exchange under the symbol "PINS".

While a flood of IPOs is entering the market this year, Wall Street remains skeptical, as deposits have revealed that many Silicon Valley tech unicorns have yet to generate a profit. However, this is not the case with Zoom. This is one of the few unicorns recently profitable technology.

In fiscal 2017, the Company reported revenues of approximately $ 60 million, approximately $ 150 million in 2018 and $ 330 million in 2019. Zoom generated a net profit of 7.4 Million dollars for the 2019 fiscal year. The company is experiencing rapid growth and its profitability has increased demand for a piece of the IPO pie.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung."data-reactid =" 22 ">Heidi Chung is a Yahoo Finance journalist. Follow her on Twitter: @heidi_chung.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit."data-reactid =" 23 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, and reddit.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Key factors to consider before embarking on IPOs, according to UBS"data-reactid =" 26 "> Key factors to consider before embarking on IPOs, according to UBS

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