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Why ZoomInfo Stock Fell Today

Chris Neiger, The Motley Fool
·1-min read
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. 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. ZoomInfo said that it's not selling any shares of Class A common stock and won't receive any proceeds from the sale of the stock.