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ZipRecruiter, an online jobs marketplace headquartered in Santa Monica, California, has filed to go public via a direct listing on the New York Stock Exchange, according to an SEC filing.

Why it matters: Despite massive layoffs during the pandemic, ZipRecruiter managed to turn a profit in 2020.

In 2020, ZipRecruiter had a net income of $86.0 million on revenue of $418.1 million. In 2019, the company saw a net loss of $6.3 million on $429.6 million in revenue. 

ZipRecruiter says there are 2.8 million employers and 110 million job seekers using its marketplace. 

Its biggest shareholders include its co-founders, IVP and Wellington.

ZipRecruiter files to go public

The company plans to go public via a direct listing instead of a traditional IPO.

Illustration of a job posting shaped as a briefcase with two strips missing

Initial public offerings (IPO)

ZipRecruiter, an online jobs marketplace headquartered in Santa Monica, California, has filed to go public via a direct listing on the New York Stock Exchange, according to <a class="gtmContentClick" data-vars-link-text="an SEC filing" data-vars-click-url="https://www.sec.gov/Archives/edgar/data/0001617553/000162828021007473/ziprecruiters-1.htm" data-vars-content-id="60f48c6b-0f77-4648-a216-7f83ec17df7d" data-vars-headline="ZipRecruiter files to go public" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.sec.gov/Archives/edgar/data/0001617553/000162828021007473/ziprecruiters-1.htm" target="_blank">an SEC filing</a>.Why it matters: Despite massive layoffs during the pandemic, ZipRecruiter managed to turn a profit in 2020.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

ZipRecruiter files to go public

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