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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.  

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Source Fool.com

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