(Reuters) – ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.
The Carlyle-backed business intelligence platform said on Wednesday it expects its offering of 44.5 million shares to be priced between $16 and $18 per class A share, valuing it at $6.89 billion at the top end of the range. (bit.ly/2TKplRk)
Some funds and accounts managed by units of BlackRock Inc (BLK.N), entities related to Dragoneer Investment Group, and Fidelity Management & Research Company have indicated an interest in buying shares worth $100 million each as part of the IPO, ZoomInfo said in a filing.
ZoomInfo follows Warner Music Group, which said on Tuesday it was aiming to sell up to $1.82 billion in stock in its U.S. IPO, potentially the largest New York listing so far in 2020.
The COVID-19 health crisis rocked capital markets and slammed…
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