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May 28, 2020

ZoomInfo

Vancouver-based ZoomInfo Technologies said it will offer 44.5 million shares of common stock with an expected initial public offering price of $16-$18 per share. The company has applied to list the shares on the Nasdaq market under the symbol ZI and expects to grant the underwriters a 30-day option to purchase up to an additional 6.68 million shares. The proceeds will be used to redeem preferred stock units of a subsidiary, repay loans and buy outstanding interests from certain equity holders. J.P. Morgan and Morgan Stanley are leading the offering. ZoomInfo sells access to its database of business people and companies to sales, marketing and recruiting professionals.




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