ZoomInfo Technologies (ZI) IPO Opens 90% Higher

Today's IPO for ZoomInfo Technologies Inc. (NYSE: ZI) opened for trading at $40 after pricing 44,500,000 shares of its Class A common stock at a price to the public of $21.00 per share. ZoomInfo has granted the underwriters a 30-day option to purchase up to an additional 6,675,000 shares of Class A common stock.

J.P. Morgan and Morgan Stanley are acting as the joint lead book-running managers for the offering. Barclays and Credit Suisse are also acting as joint book-running managers of the offering, as are BofA Securities, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities. Canaccord Genuity, JMP Securities, Mizuho Securities, Piper Sandler, Raymond James, Stifel, SunTrust Robinson Humphrey, and Roberts & Ryan are acting as co-managers of the offering.

ZoomInfo is a leading go-to-market intelligence platform for sales and marketing teams. Its go-to-market intelligence platform delivers comprehensive and high-quality intelligence and analytics on approximately 14 million companies, including advanced attributes, technologies used by companies, intent signals, and decision-maker contact information. Its software, insights, and data enable over 15,000 companies to sell and market more effectively and efficiently.

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