Profitable video conferencing technology provider Zoom has filed to go public, with Qualcomm Ventures set to record an exit.
Zoom, the US-based video conferencing technology provider backed by mobile semiconductor producer Qualcomm, has filed for a $100m initial public offering on the Nasdaq Global Select Market.
Founded in 2011, Zoom has created a cloud software platform that facilitates face-to-face communication between people through electronic devices. It more than doubled its revenue to $330m in 2018 while making a $7.6m profit.
The offering will follow $160m in equity funding, including an early 2017 series D round featuring Qualcomm’s…
