Returns as of 10/17/2020. Zoom has raised $145 million to date from investors, including Emergence Capital, which owns a 12.2 percent pre-IPO stake; Sequoia Capital (11.1 percent pre-IPO stake); Digital Mobile Venture (8.5 percent), a fund affiliated with former Zoom board member Samuel Chen; and Bucantini Enterprises Limited (5.9 percent), a fund owned by Li Ka-shing, a Chinese billionaire and among the richest people in the world. Though investors may be concerned about Zoom's valuation, which drove the recent sell off, the company's fundamentals and growth metrics are strong. Zoom is the leader in video … ZoomInfo’s IPO prospectus said, “Within the first year that Zoom Video deployed ZoomInfo, Zoom Video’s revenue grew by 300%. Zoom Video stock has jumped more than 200% year-to-date.

… The output below uses NTM (next-twelve-months) revenue as a proxy based on an illustrative range of growth rates. Management claimed that the demand for solutions was strong across geographies, and the company managed to increase its customer base by gaining traction with existing customers and expanding its footprint by cross-selling offerings. Zoom’s median is 9.1 months. Easily escalate into 1:1 or group calls. Market data powered by FactSet and Web Financial Group.
Yuan writes that the Zoom’s board of directors conducted a full investigation into the matter and determined that Steckelberg would stay on as Zoom’s CFO: “Kelly expressed regret for what transpired at her former employer, took ownership for the situation, and made clear to us that she had learned valuable lessons from the experience,” he wrote. Before digging into Zoom’s financials and metrics I wanted to look at their numbers in the context of other SaaS IPOs.
The company estimates its market opportunity at $24 billion. Zoom had 344 customers that generated more than $100K in annual revenue, up 141% YoY. The output also includes an ARR multiple range based on similar high-growth software companies.

Pricing from their website is below. The company’s platform is a video-first communications product that offers video, voice, chat, and content sharing across devices and locations. Zoom has won major contracts with HSBC, for example, which will standardize business operations on the Zoom platform and deploy its solutions to 5,500 conference rooms.

Sales Efficiency: Implied Months to Payback. So, will Zoom Video soar higher as we head into 2020, or will it struggle, as many of its IPO peers have done in 2019? Zoom says one of the most important features is their broad interoperability with a range of devices, operating systems, and third-party applications.

Zoom, expected to make the final call on its IPO price next Wednesday, will likely price at the top of the range and see a clean pop on its first day on the markets given its clean track record and positive financials.

CFOs often become the face of the IPO, handling the grueling tasks associated with crafting an IPO prospectus, leading the roadshow and more, while also maintaining day-to-day financial operations. Stock Advisor launched in February of 2002. Below is a graphic of Zoom’s products and more detail on each offering. In fiscal 2019, Zoom reported sales of $330.5 million with net income of $7.6 million. The video conferencing business plans to trade on the Nasdaq under the ticker symbol “ZM.”. Much of Zoom’s go-to-market is viral in nature and in a way outsourced through their happy users sending Google Calendar and Microsoft Outlook calendar invites — users send an invite for a meeting, the product works seamlessly and they get hooked too. The company followed in Warner Music Group’s footsteps, which went public on June 3.

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