Eric Yuan, CEO of Zoom Video Communications, is taking part in a bell ringing ceremony at the NASDAQ MarketSite in New York, New York, USA, April 18, 2019. REUTERS/Carlo Allegri
NEW YORK (Reuters) – Video conferencing company Zoom Video Communications opened at $65 per share on Thursday, 80.6 percent above the ipo price in its debut on the Nasdaq.
Zoom priced its IPO on Wednesday at $36 per share, which is above the target range of $33-35 dollars per share.
Reporting by Chuck Mikolajczak and Joshua Franklin in New York; Editing by Dan Grebler