Once the stock was publicly available, the price quickly surged over 80% to $65, before ending its first day of trading at around $62.įollowing Zoom’s IPO, it reached highs of $107.34 on June the 20th before price momentum slowed down and the price gradually fell over the next months, closing at $68.04 on the last trading day of 2019. Zoom announced their stock would be priced at anywhere between $32.00 and $35.00. Zoom video communication’s stock made its debut on the NASDAQ under the ticker ‘ZM’ on Thursday the 18th of April 2019. The virus has caused many to work remotely, creating a larger demand for conferencing tools that enable workers and teams to keep in touch and continue collaborating. With around half of Fortune 500 companies reportedly using Zoom in 2019, it’s no surprise that Zoom’s stock price has risen drastically since the outbreak of coronavirus. A room in currently $49.00 per month per room, and works as an ideal solution for larger companies who regularly host conferences.įor example, a multinational enterprise (MNE) that wishes to sign up to zoom may choose their enterprise package, starting at $14.99 per month for a minimum of 100 hosts - resulting in a total minimum cost of $1,499 per month. Here Zoom makes a clear distinction between meeting packages and conferencing packages. ‘Zoom rooms’ is Zoom’s video conferencing package. However, as packages get more expensive, they also require a minimum number of ‘hosts’ per package. They also come with additional features such as cloud recording storage, dedicated support and customisation options. As packages get more expensive, they reduce limits on participant numbers and meeting lengths. Following this, Zoom offers three additional packages ranging from $14.99 - $19.99* per month per host. A basic Zoom account is free and allows video meetings for a limited number of participants for a limited time.
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