Vimeo is the 11th company to come public out of IAC and it grew revenue 57% to $89.4 million in its latest quarter. Get the latest Vimeo Inc (VMEO) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and. IAC Chief Financial Officer Glenn Schiffman said that Vimeo's Tuesday stock price was a "smashing accomplishment for the team and shareholders" given the higher valuation it implied relative to the January equity investment. The company finished Tuesday's session with a market value of about $8 billion, above the $6 billion valuation that IAC said Vimeo fetched in January after a private investment. With IAC shareholders receiving 1.6235 shares of Vimeo for each IAC share that they owned in a distribution that took place after the close of business Monday. Vimeo's public debut comes after it was spun out of InterActiveCorp. Find the average price target, expert sentiment, charts & stats. ![]() About 52,000 Vimeo shares traded on a when-issued basis in aggregate, compared with more than 9 million that changed hands once trading began Tuesday. See a free in-depth analysis of VMEO stock, including forecasts from trusted sources. Shares can trade on a when-issued basis before they are officially distributed, though the market is relatively illiquid as trades can't be settled in that setting since the shares haven't been officially issued. This is a -0.35 down since the beginning of the trading day. Shares of video-software company Vimeo finished Tuesday's session at $45.39, below Monday's when-issued closing price of $52.08. Vimeo reports a revenue increase of 33 in its latest monthly metrics, sending its stock racing up 13 to its highest price since the end of September. Vimeo is selling for 5.71 as of the 7th of September 2022. The Company's cloud-based software eliminates various barriers and solves. Its cloud-based tools encourage its users to create, collaborate and communicate with video on a single, turnkey platform. ![]() The Company offers all-in-one video software solution. Closed its first trading day as a standalone company Tuesday with shares down 13% from where they ended at the close of a roughly weeklong "when-issued" trading period. is a software-as-a-service (SaaS) video company that provides video tools.
0 Comments
Leave a Reply. |