ZoomInfo stock soars 90% on debut

ZoomInfo's headquarters in Waltham, Massachusetts, the US, June 3 2020. Picture: SCOTT EISEN/BLOOMBERGZoomInfo Technologies, a business-intelligence platform, soared in its US trading debut on Thursday after raising $935m in an initial public offering priced above a targeted range.

It is first technology listing in the US since Chinese cloud service provider Kingsoft Cloud Holdings’s IPO in April. Several companies that were planning to go public in 2020, such as Airbnb and Procore Technologies, have turned to private funding instead in the face of economic uncertainties.

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