ZoomInfo priced its IPO at $21 per share on Wednesday after raising the range to between $19 and $20.
While ZoomInfo's revenue rose by over 40% in the first quarter, the company said in its prospectus that it faces headwinds from the coronavirus in the form of "slowed growth or decline in new customer demand for our platform and lower demand from our existing customers for upgrades within our platform." The company said it closed all of its offices because of Covid-19 and plans to keep employees working from home in the second quarter and possibly beyond.
Revenue for the combined entities increased 39% last year to $336 million and 42% in the first quarter to $103.6 million. The company recorded a first quarter net loss of $5.9 million.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Warner Music Group prices IPO at $25 a share to raise $1.925 billionWarner Music Group Corp. undefined priced its initial public offering on Wednesday at $25 a share, the higher end of its $23 to $26 price range, and...
続きを読む »
Warner Music Prices IPO at $25 Per Share, Valuing Company at $12.75 BillionManagement of the music major is 'indicating a significant positive inflection in margins,' says one analyst, but 'the majority of investors we speak with are skeptical.'
続きを読む »
Analysts Are Bullish on Warner Music IPOIf at first a pandemic trips up your initial public offering, try, try again — even during a week of social unrest — especially when investors seem eager to test audio streaming waters in a reinvig…
続きを読む »
Warner Music Group Reveals Pricing of IPOWarner Music Group has announced the pricing of its initial public offering of 77,000,000 shares of its Class A common stock at a public offering price of $25.00 per share. The size of the IPO was…
続きを読む »
Warner Music Group delays pricing of IPO: Media reportsWarner Music Group Corp. delayed the pricing of its planned initial public offering on Tuesday, as the music industry took a pause from regulator activity to express solidarity with the protesters taking a stand after the death of George Floyd in Minnesota last week, according to media reports on Wednesday. The company asked its bankers to postpone the pricing of the deal until early Wednesday, the FT reported, citing people familiar with the matter. The deal is expected to be the biggest IPO of the year to date, with the parent of record labels including Atlantic Records, Warner Records and Elektra Records, representing artists Ed Sheeran, Bruno Mars, Cardi B, Twenty One Pilots, Lizzo and Katy Perry, expected to sell 70 million shares priced at $23 to $26 each to raise up to $1.82 billion. Morgan Stanley, Credit Suisse and Goldman Sachs are lead underwriters, with BofA Securities, Citgroup and J.P. Morgan acting as joint bookrunners. Another 23 banks are acting as co-managers. The company has applied to list on Nasdaq under the ticker symbol "WMG."
続きを読む »
Warner Music is opening act for mini IPO-paloozaThe record label’s shares climbed more than 20% after the biggest U.S. IPO this year. It suggests there is investor demand for companies resistant to pandemic disruption. Current market conditions make good mood music for companies that offer stability, growth, or both.
続きを読む »