Sep. 5 at 3:28 PM
$ZM Assuming Zoom's core shares are currently trading at
$101.33 with a
$29.57B market capitalization (~291.8 million diluted shares outstanding), the adjusted share price without Anthropic depends on the mark-to-market valuation used for the stake:
Book Value Basis (~
$1.27 Billion):Based on Zoom’s regulatory filings (marked at Anthropic’s earlier
$380B round), stripping out the
$1.27B stake removes roughly
$4.35 per share.Implied Core Share Price: ~
$96.98
Refreshed Valuation Basis (~
$3.13 Billion):Accounting for Zoom's updated carrying value reported in Q2 earnings (~
$3.13B mark), stripping out the
$3.13B stake removes roughly
$10.73 per share.Implied Core Share Price: ~
$90.60
POST-IPO Forward Projection Basis (~
$6.68 Billion):If the market is fully pricing in Anthropic's projected
$2T IPO valuation (valuing Zoom's position at ~
$6.68B), stripping this out removes roughly
$22.89 per share.Implied Core Share Price: ~
$78.44
