Zoom is set to raise $1.75bn in funding and has indicated that it may use part of the cash for acquisitions.
The firm said it will generate the cash by offering 5,147,059 class A shares to the market.
In a filing with the SEC, Zoom revealed it could use part of the capital for M&A activity.
“We may use a portion of the net proceeds for acquisitions or strategic investments in complementary businesses, products, services or technologies, although we do not currently have any plans or commitments for any such acquisitions or investments,” the filing stated.
Zoom said that funds will predominately be used for working capital, operating expenses and capital expenditure.
It added that it does not have any agreements for acquisitions or investments in place at the moment.
The firm has not been acquisitive during its 10-year existence, with the sole deal being for Keybase to bolster its encryption credentials.
