Zoom Video raises $1.75bn in new stock offering

Zoom Apps

Zoom Video raises $1.75bn in new stock offering   Zoom Video Communications Inc. is raising $1.75 billion through a stock offering, capitalising on enduring demand for the video-conferencing platform during the pandemic. Zoom is selling about 5.15 million shares at $340 apiece, representing a 4.7 per cent discount to its last close, according to a statement on Tuesday. The offering is expected to close on or about January 15. It has given its underwriter a 30-day option to buy as much as an additional 735 294 shares of its Class…

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