ZoomInfo Submits Confidential Draft Registration Statement for Proposed Initial Public Offering

VANCOUVER, WA, November 26, 2019 — ZoomInfo today announced that it has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Founded in 2007, the company has amassed a data set of vital business information that it sells to customers through a software subscription. Customers feed the information, which is regularly updated and verified, into their own business tools such as customer relationship management and marketing automation software.

CEO Henry Schuck bootstrapped the company for many years before taking private equity investment from TA Associates in 2014. In 2018, The Carlyle Group acquired a minority stake in the company. Private equity investors have put at least $794 million into the company.

Schuck noted over the summer that ZoomInfo, which is profitable, has a private valuation of more than $1 billion, making it a unicorn company in Silicon Valley parlance.  In February, the company bought rival Zoom Information Inc for a reported $800 million. The combined company has 1,000 employees and revenue of more than $300 million, Schuck said over the summer.

In September, DiscoverOrg adopted the ZoomInfo name for the entire organization. It also released a new product called ZoomInfo powered by DiscoverOrg.

Schuck’s earlier statements on taking the company public indicate it could happen as soon as next summer.

Source: Zoominfo Press Release   /   Bizjournals.com