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Zoom’s impressive IPO boosted another company named Zoom

Alison Griswold
Zoom’s impressive IPO boosted another company named Zoom

Zoom Video Communications, Inc., also known as Zoom, went public today on the Nasdaq stock exchange. Zoom, which licenses video-conferencing technology, made $7.5 million in 2018, making it the rare technology IPO that is profitable. Investors rewarded Zoom for that track record in the company’s first day of trading.