The $1 billion video conferencing startup Zoom has publicly filed its S-1.
This makes Zoom the latest in a long list of IPO hopefuls expected to closely follow ride-hailing startup Lyft's big market debut, which is anticipated at the end of next week. Pinterest also has its eye on an April IPO and could list Friday as well, theZoom didn't price its upcoming IPO, in its S-1, but it indicated in the filing that it will list on the Nasdaq under the ticker symbol"ZM.
It's also growing. The company brought in $330.5 million in revenue in fiscal 2019, up 118% from $151 million in fiscal 2018. Zoom was founded in 2011 by CEO Eric S. Yuan, who was previously vice president of engineering at the video-conferencing company WebEx. Yuan joined Cisco in 2007 when it bought WebEx for $3.2 billion.
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