Carlyle-backed ZoomInfo's shares soar 90% in market debut

published 04.06.2020 20:16

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Shares of Warner Music Group closed up 20.5% from their IPO price on the first day of trading on Wednesday.

ZoomInfo, backed by private equity firms Carlyle Group and TA Associates, had paused its IPO preparations earlier this year due to turbulent financial markets.

ZoomInfo shares opened at $40, some 90% higher than their $21 per share IPO price, giving the company a market valuation of $15.3 billion.

(Reuters) - Shares of ZoomInfo Technologies Inc almost doubled in their U.S. market debut on Thursday, after the business intelligence platform raised about $934.5 million in the largest U.S. technology listing so far this year.

Chinese online grocery company Dada Nexus, financial technology firm Shift4 Payments and a trio of biotechnology companies are also slated to price IPOs later on Thursday.