Opinion: Zoom shot to coronavirus fame but it’s got company

A student takes online classes at home, with his companions, using the Zoom app, in El Masnou, Spain, April 2. — Reuters

These days, someone proposing a remote meeting or virtual happy hour is very likely to say, "Let’s Zoom.” While the coronavirus-induced lockdown has made Zoom Video Communications Inc synonymous with video calls, it has also created a broader market, and whet investor appetite for stocks well placed to profit from the move to working from home.

Pexip Holding ASA has satisfied some of that demand with Europe’s biggest technology initial public offering this year. The May 14 listing valued the Oslo-based company at some 9 billion Norwegian krone (RM3.86bil) – not shabby for a business with just 370 million krone (RM158.5mil) in revenue last year.