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Markets

Zoom Files to Go Public

IPO fever is heating up. Video conferencing firm Zoom became one of the latest companies to catch it, filing paperwork on Friday to go public. Its prospectus paints a picture of a financially healthy company, which given the popularity of Zoom’s product, maybe shouldn’t be surprising. Zoom’s revenue doubled last year to $330.5 million, producing a net profit of $7.6 million. Investors are hot for subscription enterprise firms right now, so demand for Zoom stock is sure to be strong. Based on a conservative multiple of six times revenue, Zoom should have no problem getting a valuation of $2 billion—twice its last private market valuation.  

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