WebMD (WBMD) Slumps; Heath-Focused Site Care.com Looks to Go Public
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WebMD Health Corp. (Nasdaq: WBMD) is trading lower today as one of its peers looks to go public.
Care.com filed for an IPO of its common stock, with an expected offering price of $80 million. The company describes itself as
While Care.com isn't exactly the same model as WebMD, it will give investors another choice of where to put their money. The company's no slouch either; revenue for 2012 was $48.5 million, up from $12.9 million in 2010. The company said that revenue for the nine months ended September 28, 2013 increased to $59.0 million, representing an 81 percent increase from the $32.6 million of revenue generated during the nine months ended September 30, 2012. Care.com noted that it
The full S-1 filing for Care.com can be seen here.
Shares of WebMD are down 0.4 percent.
Care.com filed for an IPO of its common stock, with an expected offering price of $80 million. The company describes itself as
the world's largest online marketplace for finding and managing family care with more than 9.5 million members, including 5.1 million families and 4.4 million caregivers, spanning 16 countries. In 2013, we have had an average of over 6.4 million unique visitors to our platform each month, including over 2.2 million visitors per month from mobile devices. We help families address their particular lifecycle of care needs, which includes child care, senior care, special needs care and other non-medical family care needs such as pet care, tutoring and housekeeping. In the process, we also help caregivers find rewarding full-time and part-time employment opportunities. Through the first eleven months of 2013, 60% of all job postings were for part-time care services, with the remaining 40% seeking full-time care. We believe the scale and breadth of our services, combined with our commitment to delivering the best possible member experience for families and caregivers, have made us the most trusted and leading brand for finding and managing family care.
While Care.com isn't exactly the same model as WebMD, it will give investors another choice of where to put their money. The company's no slouch either; revenue for 2012 was $48.5 million, up from $12.9 million in 2010. The company said that revenue for the nine months ended September 28, 2013 increased to $59.0 million, representing an 81 percent increase from the $32.6 million of revenue generated during the nine months ended September 30, 2012. Care.com noted that it
experienced net losses of $3.5 million in 2010, $12.2 million in 2011 and $20.4 million in 2012.
The full S-1 filing for Care.com can be seen here.
Shares of WebMD are down 0.4 percent.
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