Business & Finance

Reuters exclusively reports job website ZipRecruiter hires banks for IPO

Reuters exclusively reported that U.S. online job marketplace ZipRecruiter Inc has hired Goldman Sachs Group Inc and JPMorgan Chase & Co to lead preparations for an initial public offering (IPO). The move shows how ZipRecruiter is keen to tap the red-hot IPO market for technology startups, even as the economic fallout from the COVID-19 pandemic took a toll on its job posting business. Though postings have somewhat rebounded, wide distribution of vaccines that would bring many businesses back to normal is still several months away. ZipRecruiter is eyeing a valuation of between $3 billion and $5 billion in the IPO, which could come in the first half of 2021.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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