Zoom’s user-friendly interface and tools made it a good fit for companies, with Zoom experiencing mass adoption in just a few months. The share price debuted at $36, reaching highs of $62 on IPO day, raising $15.9 billion. Zoom (NASDAQ: $ZM) exceeded expectations on its opening day. The company saw huge success, with its IPO launching on the Nasdaq exchange in April 2020. Zoom was one of the darling apps of the pandemic, helping organizations communicate and collaborate through its virtual platform.
The shift in the workplace left a gap in team communications and collaboration. As a result, companies had to adapt to a work-from-home environment to manage teams and productivity. The coronavirus pandemic saw businesses and organizations close as governments imposed lockdowns and stay-at-home orders to curb the spread of the disease.
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