Zoom begins trading at $65 per share, 80% above the IPO price

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

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