Monday, April 26, 2021

ZipRecruiter Files For Direct NYSE Listing

Los Angeles-based ZipRecruiter, a provider of recruiting tools for companies, has filed for a direct listing on the NYSE, saying it is looking to raise as much as $100M in a public offering. The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP. The company reported net income of 86.0M on revenues of 418.14M for the year ended December 31, 2020. The company's biggest investors are Institutional Venture Partners (IVP) and Wellington. A direct listing--unlike an IPO--does not use underwriters or investment bankers.

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