ZoomInfo aiming to price IPO $1 above revised price range

Investing

Zoominfo

Source: zoominfo

ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC.

The company had already raised their IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo, which will trade under the symbol “ZI”, said in a government filings on Tuesday that it expected its IPO to price between $19 and $20 per share.

The final decision on how to price its IPO has yet to be made.

ZoomInfo should not be confused with the video conferencing service that has been widely used during the Covid-19 pandemic, Zoom Video Communications. The soon-to-be-public company is back by TA Associates, The Carlyle Group and 22C Capital.

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