Zoom is floating above its range in an IPO in which Qualcomm will make an immediate $30.6m return, while Salesforce is buying $100m of shares through a private placement.

US-based video conferencing technology provider Zoom Video Communications will go public today in a $751m initial public offering in which mobile chipmaker Qualcomm is selling $30.6m of shares. The offering consists of approximately 9.9 million shares being issued by Zoom on the Nasdaq Global Select Market and almost 11 million shares being sold by its…

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