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The first software IPO of 2020: How ZoomInfo stacks up to 2019 software peers

ZoomInfo (ZI) will be the first software IPO to hit public markets this year, with plans to raise $757 million at an enterprise value of $7.5 billion.

Since 2019, 47 tech companies have IPO’d in the US, generally yielding strong returns. Of that group, the 10 US-based software developers have outperformed both tech IPOs and the broader IPO market, averaging a 48% first-day pop and a 137% total return.

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ZoomInfo has achieved rapid growth…

ZoomInfo boasted revenue growth of 103% in 2019 to $293 million, driven by new customers and acquisitions. Organic revenue growth was…

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The article The first software IPO of 2020: How ZoomInfo stacks up to 2019 software peers originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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