Zoom Traded 81 Percent Above IPO Price

Reuters reports that the San Jose, California based video conferencing company Zoom Video Communications opened on Wall Street at $65 per share on Thursday. The price per share skyrocketed 80.6 percent above the initial public offering price, in its debut on the Nasdaq. The communications software firm priced its IPO on Wednesday at $36 per share, above its target range of $33-$35 per share.

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