According to
Bloomberg, the business-intelligence company’s stock price doubled in its June
4 trading debut.
ZoomInfo’s
three-day stock surge has turned founders Henry Schuck and Kirk Brown into
billionaires.
It spiked as
high as $42 before closing at $34.
Friday saw
the rally continue before shares closed even higher, at $44.69, on Monday.
The
Nasdaq-hosted initial public offering raised more than $900 million for the
company.
this
signalled a strong bounce-back for the IPO market after issuances paused in the
early days of the coronavirus pandemic.
The
post-offering upturn created a major windfall for the two founders.
Schuck holds
a 10% stake in ZoomInfo, while Brown owns 7.3% of the firm, according to a
prospectus.–Business Insider
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