• Jerremy Alexander Newsome

ZM IPO

Back at it again with the IPO's. If you are in the trading rooms you are definitely familiar with this next one. And if you are active on the internet at all you have probably heard of them to. That said company is Zoom. Let's talk about it!

Founded in 2011 by a lead engineer as Cisco systems, Zoom officially started it's service in mid 2013 and served over 1 million participants. Soon after that, they started to partner with other software and hardware services in their "Works with Zoom" campaign. By 2014 participants of the product had grown to over 10 million and 2015, they were hitting around 40 million! Zoom's services include Zoom Meetings, Zoom Premium Audio, Zoom Business IM, Zoom Video Webinar, Zoom Rooms, Zoom H.323/SIP Connector, and Zoom Developer Platform. They are currently based in San Jose, California and have about 1300 employees.

Zoom generates money by it's various subscription model plans. Like most subscriptions, they are tiered in price and complexity depending on the needs it addresses. They do have a free tier however it is very limited in scope and is probably best fit ultra small businesses or the average Joe. Paid plans range from $14.99 a month per host, and top at around "$1900.99 a month. It all just depends on what you need exactly. As you like