Carlyle-backed ZoomInfo raises IPO price range

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. https://bit.ly/3dueaE0

It had earlier expected its offering to be priced between $16 and $18 per class A share.