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- By michael@cvcteam.com
- |
San Francisco (CNN Business)Video-conferencing company Zoom soared during its debut as a public company.
Shares were up more than 72% at the end of its first day of trading Thursday, to $62 a share. Zoom (ZM) had priced its IPO at $36 per share. It was valued at just under $16 billion when the markets closed.
The company was the second highest-profile technology IPO on Thursday, overshadowed in hype by social site Pinterest (PINS).