Why ZoomInfo Stock Fell Today
Shares of ZoomInfo Technologies (NASDAQ: ZI), a cloud-based market-intelligence platform, fell today after the company announced the pricing of its secondary offering.
The tech stock was down by 10.3% at the end of the trading day.
ZoomInfo said in a press release yesterday that the company's secondary offering will open up 12.5 million shares of Class A common stock at $45 per share. Additionally, the selling stockholders have the option to sell an additional 1.875 million shares.
Source Fool.com