![]() Pinterest, for its part, has priced its shares above its planned range, per The Wall Street Journal. Zoom Video Communications (ZM-1.49) tumbled after its recent earnings report, and the stock now trades at a steep discount to its previous heights, despite solid growth and monster profits. Zoom will debut on the Nasdaq the same day Pinterest will go public on the NYSE. Zoom is backed by Emergence Capital, which owns a 12.2 percent pre-IPO stake Sequoia Capital (11.1 percent) Digital Mobile Venture, a fund affiliated with former Zoom board member Samuel Chen (8.5 percent) and Bucantini Enterprises Limited (5.9 percent), a fund owned by Chinese billionaire Li Ka-shing. Its losses have shrunk from $14 million in 2017, $8.2 million in 2018 and just $7.5 million in the year ending January 2019.It more than doubled revenues from 2017 to 2018, ending 2017 with $60.8 million in revenue and 2018 with $151.5 million.It posted $330 million in revenue in the year ending Januwith a gross profit of $269.5 million. ![]() Zoom Video Communications ( ZM -1.50) has had a very good run this year, with its share price climbing from 68.80 on Jan. ![]() Looking back at ZOOM historical stock prices for the last five trading days, on December 10, 2015, ZOOM opened at 0. Its no surprise the stock is up, but you can still buy shares for 1.
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