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ZoomInfo to press ahead with IPO

Vancouver-based business intelligence company ZoomInfo reportedly intends to move forward with its planned initial public offering despite the COVID-19 crisis, according to a report from Bloomberg.

Citing “people with knowledge of the matter,” Bloomberg reported Monday that ZoomInfo may go public as early as June, making it one of the first technology companies to proceed with an IPO during the pandemic.

The company announced its IPO plans in November, and a February filing with the Securities and Exchange Commission indicated that the company would seek to raise up to $500 million.

The current incarnation of ZoomInfo was created last year after Vancouver-based DiscoverOrg acquired former competitor Zoom Information Inc., which operated under the name ZoomInfo. DiscoverOrg later announced that the combined company would adopt the ZoomInfo name.




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