Zoom Video Communications, a US-based video conferencing platform backed by mobile chipmaker Qualcomm, has filed confidentially to go public in April, Business Insider reported on Friday.
The company has begun talks with prospective investors and could file its public registration statement next month, with a view of listing in April.
Zoom had filed confidentially last month and hired investment banks Morgan Stanley, JPMorgan, Goldman Sachs and Credit Suisse as underwriters, but faced delays caused by the federal government shutdown until early February.
Founded in 2011, Zoom has developed a cloud-based platform that combines an enterprise phone system, video conferencing, collaboration tools and webinar functionality. Zoom has not released any official comment regarding the IPO timeline.
The company has raised approximately $145m in total funding and was valued at $1bn for its latest round, a $100m series D in 2017 led by VC firm Sequoia Capital that featured Qualcomm’s corporate venturing unit, Qualcomm Ventures.
Emergence Capital and AME Cloud Ventures also contributed to the series D round, with the former having previously led a $30m series C in 2015. AME backed the series C round alongside Qualcomm Ventures, Horizons Ventures and private investors.
Qualcomm Ventures has been an investor in Zoom since a $6m series A round in 2013 that also featured assorted angel investors.
