Zoominfo starts trading at $ 40, nearly double the price of $ 21 on the stock market by Investing.com


© Reuters.

By Liz Moyer

Investing.com – Zoominfo Technologies Inc. (NASDAQ ? made its debut at $ 40 Nasdaq on Thursday, nearly double its original retail price of $ 21.

The shares traded up to $ 40.90 and were settled. Earlier, Bloomberg said the software manufacturer’s shares should open at $ 41. Zoominfo is just the latest company to sell stocks to the public in a long-awaited week of IPOs.

Zoominfo listed under the symbol ZI in an offer led by JP.Morgan, Morgan Stanley (NYSE :), Barclays (LON :), Swiss credit (SIX :), BofA Securities, German Bank (DE :), RBC Capital Markets, UBS Investment Bank and Wells fargo (NYSE ? Securities.

The company in Vancouver, Washington, is creating a data platform for marketing and sales. He raised $ 935 million by selling 44.5 million shares at $ 21, according to Renaissance Capital. The price of the IPO was increased from a previous range of $ 16 to $ 18.

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