Andre Iguodala has built a reputation that goes far beyond his on-court defense. The three-time NBA champion also has amassed an investment portfolio of more than 40 companies.
“Zoom has done really well,” Iguodala said on “Squawk Alley.” “They’ve just been getting after it. It’s showing in the stock price, but I think it … will continue to grow.”
Zoom, a cloud-based video conferencing and collaboration provider, went public in April at $36 per share.
It soared on its first day of trading, and despite a steep decline in the fall, its shares were around $90 Friday — a 150% increase from its IPO. Founded in 2011, Zoom has a market cap just shy of $25 billion.
Iguodala, who was recently traded to the Miami Heat from the Memphis Grizzlies, said he has grown a strong interest in enterprise software companies — not necessarily something a 15-year…