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Company News

BUZZ-Zoom debuts with a boom

** Shares in video conferencing specialist Zoom Video Communications Inc soar 74% to $62.60 in Nasdaq debut, with market cap approaching $17 bln

** ZM opens at $65, more thn 80% above the IPO price of $36

** Stock hits a high of $66.00 minutes after open

** Co priced a $750 mln IPO at $36, $1 above an already elevated price range; co sold 9.9 mln of the total 20.9 mln shares offered

** Morgan Stanley, J.P. Morgan, Goldman Sachs & Co and Credit Suisse act as lead book-running managers for the offering

** Another high-profile co Pinterest Inc surges 26.6% to $24.10 (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru)

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