Business Insider reported that Zoom had filed confidentially with the SEC to go public, only months after Reuters reported that the San Jose, Calif.-based company had chosen investment bank Morgan Stanley to lead its eventual IPO.
We’ve reached out to this company for comment.
Zoom was valued at $ 1billion when it increased its last funding in 20 17 at the form of a $ $100 million test by Sequoia Capital. Reuters sources have said they expect the business to be valued at a few billion dollars at the IPO.
The company, based in 2011, has increased $145 million fully, including from Emergence Capital and Horizons Ventures. Its oldest backers include Qualcomm Ventures, Yahoo founder Jerry Yang, WebEx creator Subrah Iyar and former Cisco SVP Dan Scheinman, who has been an active angel investor for years.
We had a opportunity to sit down with CEO Eric Yuan this past year at a little industry event hosted by the partnership business NextWorld Capital. He spoke about coming to the United States as students from China and employing for a U.S. visa nine times over the span of two years before finally receiving it and arriving at Silicon Valley in 1997. We also talked about his experience as the 10th employee of WebEx, and also his frustration that the business’s code stayed stubbornly unchanged after it has been sold for about $ 3.2 billion to Cisco at 2007.
He was not alone, demonstrably. When Yuan struck on his own to uncovered Zoom, fully 4 5 employees from WebEx connected him, a decision for which they’re likely thankful now. Financial rewards aside, Yuan was ranked at the top of Glassdoor’s yearly list of best-rated CEOs annually .
We will be in a position to bring a deeper dive into the health of Zoom once its reported s1 is made public. Meanwhile, you are able to take a look at our conversation here.