June 2, 2020 / 1:17 PM / a month ago

Carlyle-backed ZoomInfo raises IPO price range

June 2 (Reuters) - ZoomInfo Technologies Inc lifted the price range for its U.S. initial public offering on Tuesday, looking to raise up to $890 million, as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold.

The Carlyle-backed business intelligence platform said it expects its offering of 44.5 million shares to be priced between $19 and $20 per class A share, valuing it at $7.65 billion at the top end of the range. bit.ly/3dueaE0

It had earlier expected its offering to be priced between $16 and $18 per class A share. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Aditya Soni)

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