Benzinga | Aug 4, 2021 06:32AM EDT

ZoomInfo Selling Shareholders Seek To Offload $1.5B Stock Via Upsized Secondary Equity Offering

* ZoomInfo Technologies Inc's (NASDAQ:ZI) certain selling stockholders, including TA Associates, The Carlyle Group, and 22C Capital LLC and ZoomInfo's co-founders, offered 27 million shares in an upsized secondary offering.

* The estimated gross proceeds are $1.5 billion based on ZoomInfo's Aug. 2 closing price of $54.78. The selling stockholders will receive all of the proceeds from this offering.

* They previously proposed to offer 20 million shares.

* The stock has gained 17.2% year-to-date.

* Price action: ZI shares traded lower by 2.30% at $55.20 in the premarket session on the last check Wednesday.