Deals
ZoomInfo Shares Close 62% Higher After $935 Million U.S. Debut
- Trading opened at double IPO price, a 10-year high point
- Tech firm’s listing part of $6 billion global surge this week
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ZoomInfo Technologies Inc., the business-intelligence platform, scored the biggest initial gain in a U.S. trading debut in the past decade for a company of its size or larger, according to data compiled by Bloomberg.
Vancouver, Washington-based ZoomInfo, after raising $935 million in an initial public offering priced above a targeted range, doubled its IPO price at the opening bell on Thursday. Its shares closed up 62% to $34, giving the company a value of $13 billion.