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The company submitted a draft registration statement (an S-1) to the U.S. Securities and Exchange Commission late last month. Filing a draft confidentially doesn’t make the S-1 public, and it allows the SEC to review the document before investors and the public can see it.
The number of shares ZoomInfo will offer and the price range haven’t been decided, according to the statement, and the IPO process will begin after the SEC reviews the S-1.
ZoomInfo has a large database of business information, with some 20 million company profiles. It also includes contact information for the business and its executives, organization charts, and snapshots of its workforce. The company sells access to the database to sales and marketing staffs, who then use it to find and connect with the right person at a business.
The company had $7 million in total funding, according to Crunchbase, with its only known funding round being its Series A in July 2004. It was acquired by sales and marketing platform DiscoverOrg in February for an undisclosed price.
The rest of ZoomInfo’s financial information is unclear for now, but will be revealed when the S-1 becomes public after it’s been reviewed by the SEC. More from Crunchbase News when the IPO kicks off.
Illustration Credit: Li-Anne Dias