This Thursday Zoom Video (NYSE: $ZM) will debut into a red-hot market for enterprise SaaS companies. The most recent, PagerDuty (NYSE: $PD) filed at $19-21, priced at $24 and is now trading close to $40/share. That's about 25x trailing sales of $118M. That one is hard to buy at these prices.
And if Zoom wasn't already a hot enough deal, Salesforce Ventures will be buying $100M in stock via a private placement at the IPO price.
At the mid-point that's 26x trailing sales of $330M. Now Zoom grew over . . .