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Zoom Video Raises Expected Price Range of IPO

Rob Lenihan

Zoom Video Communications raised its expected initial public offering pricing Tuesday to $33 to $35 a share, up from an earlier estimate of $28 to $32 a share, according to a filing with the Securities and Exchange Commission. The San Jose-based video conference company said it was offering 9.9 million shares of its Class A common stock while selling shareholders will offering 10.9 million shares of Class A common stock. The IPO would be worth to the company roughly $326 million to $346 million.