Zoom intends to offer new shares to raise $ 1.75 billion, in light of the constant demand on its platform during the outbreak of the Corona epidemic.
According to Arabiya Net, the company will offer 5 million and 150 thousand shares, at a price of $ 340 per share, which represents a discount of 4.7% on its last close.
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and it is likely that the offering process will be completed by January 15th, noting that JPMorgan Chase will arrange the sale.
It is reported that Zoom expects sales to increase by 330% in the current quarter ending in January.
It is mentioned that before 2020, Zoom was a corporate application, and it cost customers $ 14.95 or more per month to use the service to call, and there was a free version, but it was not used much .
Now most people use the (Zoom) app for free, and the application has witnessed a very high usage rate, from 10 million daily users in December 2019 to more than 300 million users Daily
Zoom has also expanded in adding new ways to earn money through the application by adding new features throughout the year, including: A feature called (OnZoom) that allows users to set up Live virtual events that others can pay to attend.
