Salesforce Ventures and Zoom are each buying $75m of shares in a private placement alongside the work management platform developer's flotation.
Enterprise software provider Salesforce and video conferencing platform developer Zoom are providing $150m for Israel-based work management software producer Monday.com alongside the latter’s $574m initial public offering.
The company is issuing 3.7 million shares on the Nasdaq Global Select Market today priced at $155 each, significantly above the IPO’s $125 to $140 initial price range.
Salesforce’s corporate venturing unit Salesforce Ventures, and Zoom are each buying $75m of Monday.com’s shares in a private placement taking place alongside the offering. They…
