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June 2, 2020, 8:37 a.m. EDT

ZoomInfo raises expected pricing of IPO, boosts what it could raise to $890 million

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By Tomi Kilgore

ZoomInfo Technologies /zigman2/quotes/218739090/composite ZI -6.92% disclosed Tuesday that the expected pricing of its initial public offering of shares increased to between $19 and $20 a share, with the sales and marketing software company now set to raise up to $890 million through its offering of 44.5 million shares. Last week, the IPO was expected to price at $16 to $18 a share, with the company raising up to $801 million. The lead underwriters on IPO are J.P. Morgan and Morgan Stanley. For the three months ended March 31, the company recorded a loss of $5.9 million on revenue of $102.2 million, compared with a loss of $40.2 million on revenue of $54.6 million in the year-ago period. ZoomInfo is looking to go public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +1.44% has rallied 16.5% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.45% has slipped 1.1%.

/zigman2/quotes/218739090/composite
US : U.S.: Nasdaq
$ 45.05
-3.35 -6.92%
Volume: 0.00
July 2, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$13.12 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 41.43
+0.59 +1.44%
Volume: 0.00
July 2, 2020 3:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,130.01
+14.15 +0.45%
Volume: 0.00
July 2, 2020 5:19p
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