Video conferencing company Zoom could be valued at $8 billion in upcoming IPO

Zoom

Zoom CEO Eric Yuan could take his company public at an $8.25 billion valuation.

• Video conferencing company Zoom has set an IPO price range of $28 to $32 per share, giving the company a $8.25 billion valuation on the upper end of the range.
• Zoom is expected to start trading next week on the Nasdaq under the ticker "ZM."
• Zoom's IPO valuation is many-times its last valuation of $1 billion. But not everyone in the upcoming IPO cohort is in the same position.
• Pinterest also priced its IPO on Monday, though its range is below its last private funding valuation. And the recently public Lyft is trading below its IPO price.
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Video conferencing company Zoom could be valued as high as $8.25 billion following its upcoming initial public offering, giving it a major lift from its last private valuation of just $1 billion.

Zoom set its IPO price range at $28 to $32 per share in an updated filing on Monday. At the midpoint of that range, Zoom would be worth $7.7 billion. The company is expected to start trading next week on the Nasdaq under the ticker symbol "ZM."

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In addition to the price range, Zoom disclosed a $100 million private placement from Salesforce at the IPO price.

Zoom's pricing for its IPO - which is led by Morgan Stanley, JPMorgan, Goldman Sachs and Credit Suisse - comes on the end of a rough week for Lyft, the first unicorn IPO of the year, which set the tone for bankers and traders alike.

Read more: Harvard researchers say that Lyft investors will likely come to regret giving the cofounders so much control with so little stock

Things seemed swell when Lyft went public on March 29 far above its initial price range, but the company spent the following week trading below its opening price on the public markets. The ride-hailing company initially priced between $62 and $68, before raising its range and going public at $72 per share. On Monday morning, Lyft traded around $71.80 per share.

Pinterest, another member of the unicorn IPO cohort, also priced its IPO on Monday at a valuation below its last private funding round. The company priced its IPO at $15 and $17 a share, giving it a valuation of $11.3 billion at the upper end of the range. It was most recently valued at $12.3 billion 2017.

• Read more:

• Here's what you need to know about Jumia, the Alibaba of Africa that's getting ready to IPO on the New York Stock Exchange
• JPMorgan and Credit Suisse will get paid almost equal amounts for helping take Lyft public, and it's part of a growing trend for IPO fees
• Pinterest's IPO structure could give CEO Ben Silbermann the right to control the company from beyond the grave
• Lyft's bankers are trying to compare the ride-hailing app to Grubhub and luxury retailer Farfetch - here's their pitch to investors