ZipRecruiter files to go public
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.
By the numbers:
- 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.