Deals
Zoom Video CEO Wishes Shares Didn't Soar Quite So High in Debut
- Video-conferencing service climbs up to 83 percent after IPO
- Founder Eric Yuan’s stake now worth more than $3 billion
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Zoom Video Communications Inc. skyrocketed in its trading debut, soaring to more than 16 times its last private valuation and making a billionaire of its chief executive officer several times over.
That CEO, however, says the huge leap in the stock is piling the pressure on the company, which was valued at about $1 billion in a private funding round just two years ago.