$1 billion video conferencing startup Zoom has picked banks but is sitting in SEC purgatory ahead of a planned IPO
- Zoom, the $1 billion video conferencing company, is in the process of filing confidentially with the Securities and Exchange Commission, a source told Business Insider.
- While the company submitted its paperwork, it hasn’t gotten confirmation from the regulator, which was mostly shut down throughout January with the rest of the US federal government.
- Zoom is working with Morgan Stanley, JPMorgan, Goldman Sachs and Credit Suisse on its IPO.
The $1 billion video conferencing company Zoom is in the process of filing confidentially for an IPO with the Securities and Exchange Commission but its registration is stuck due to the government shutdown, according to