ZipRecruiter (ZIP) Direct Listing IPO Opens 11% Above Reference Price

Today's direct listing IPO for ZipRecruiter (NASDAQ: ZIP) opened for trading at $20 after setting a reference price of $18.

86,598,896 shares of our Class A common stock were registered related to the offering.

ZipRecruiter is an online employment marketplace, providing technology-enabled services to connect job seekers and employers of all sizes.

For the year ended December 31, 2019, revenue was $429.6 million and they generated a net loss of $6.3 million and Adjusted EBITDA of $9.4 million. For the year ended December 31, 2020, revenue was $418.1 million and they generated a net income of $86.0 million and Adjusted EBITDA of $80.1 million.

For the three months ended March 31, 2020, revenue was $113.3 million and they generated a net loss of $11.1 million and Adjusted EBITDA of $(6.4) million. For the three months ended March 31, 2021, revenue was $125.4 million and the generated a net income of $13.4 million and Adjusted EBITDA of $20.0 million.

You May Also Be Interested In

• Rubrik (RBRK) Prices 23M Share IPO at $32/sh, Above Indicated $28-$31/sh Range - Reuters
• Mingteng International (MTEN) Opens At $4, IPO At $4 (earlier)
• Centuri (CTRI) Opens At $23.75, IPO At $21 (earlier)