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Zoom plans $1.5B share sale

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Zoom yesterday announced plans to raise $1.5 billion in a secondary share sale.

The sale would value the video chat company's stock at roughly 10 times the amount of its initial public offering debut in 2019.

Shares closed Monday above $337 apiece, up from $36 per share when Zoom went public less than two years ago.

Read more from CNBC.


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