(Reuters) – ZoomInfo Technologies Inc ZI.O is looking to price its initial public offering (IPO) on Wednesday above its upwardly revised target range in what is set to be the largest U.S. technology listing so far this year, people familiar with the matter said
ZoomInfo is looking to sell shares in the IPO at $21 each, above its upwardly revised $19-$20 target range, the sources said, cautioning that the final price has not yet been settled.
The Carlyle Group-backed business intelligence platform has said it is looking to sell 44.5 million shares, which at $21 would raise $934.5 million to value the company at just over $8 billion.
ZoomInfo declined to comment.
The listing is the latest in a packed week for IPOs, which have rebounded after market turmoil in March and April over the COVID-19 pandemic delayed many listings.
Earlier on Wednesday, Warner Music Group Corp’s WMG.O stock popped 8% on its Nasdaq debut, after selling $1.9 billion in shares toward the higher end of…
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