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Videoconference unicorn Zoom files for initial public offering

Zoom Video Communications Inc. is looking to join the new wave of Silicon Valley startups pulling the trigger in 2019 to go public, according to a filing with the Securities and Exchange Commission late Friday.

San Jose, Calif.-based Zoom said it plans to raise $100 million in the offering although that number is often a placeholder that gets revised later on. Zoom had a private valuation of $1 billion as of 2017, according to The Wall Street Journal.

The company has raised $145.5 million through five rounds of funding since 2011 with Sequoia Capital as lead investor, according to Crunchbase.

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