Zoominfo Set to Begin Trading at Nearly Double $21 IPO Price

This post was originally published on this site

https://i-invdn-com.akamaized.net/news/LYNXMPEE2R1CK_M.jpg

Investing.com — Zoominfo Technologies Inc (NASDAQ:ZI) is poised to debut on Nasdaq Thursday at a price nearly double its $21 initial public offering price.

Bloomberg reports shares of the software maker are indicating an open of $41, the latest company to sell shares to the public in a highly anticipated week of IPOs.

Shares are to list under the ticker symbol ZI in an offering led by JP.Morgan, Morgan Stanley (NYSE:MS), Barclays (LON:BARC), Credit Suisse (SIX:CSGN), BofA Securities, Deutsche Bank (DE:DBKGn), RBC Capital Markets, UBS Investment Bank, and Wells Fargo (NYSE:WFC) Securities.

The Vancouver, Washington, company makes a data platform for marketing and sales. It raised $935 million selling 44.5 million shares at $21, according to Renaissance Capital. The IPO price was raised from a previous range of $16 to $18.