ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC.
The company had already raised its IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo, which will trade under the symbol “ZI,” said in a government filing on Tuesday that it raised its IPO price range to between $19 and $20 per share amid strong demand, up from an initial estimate of between $16 and $18.
The final decision on how to price its IPO has yet to be made.
ZoomInfo should not be confused with the videoconferencing service that has been widely used during the Covid-19…