Shares of ZipRecruiter (NYSE: ZIP) ended their first day of trading at $21.10, up 17.22% from their reference price of $18. The stock went public with a direct listing, rather than a traditional IPO. It opened at $19.80 and rallied to a session high of $21.69 within its first hour.
(Bloomberg) ZipRecruiter Inc. was assigned a reference price of $18 a share for what will be the fourth major direct listing of the year on a U.S. exchange.
The job search and recruiting company’s shares are set to begin trading Wednesday without the company raising any capital.
ZipRecruiter begins trading on the New York Stock Exchange
May 26, 2021
ZipRecruiter Inc. (NYSE: ZIP) officially began trading today on the New York Stock Exchange with an opening price of $20. CEO Ian Siegel remotely rang the opening bell at the exchange.
Shares in jobs website operator ZipRecruiter were trading at $21.00 as of 12:58 p.m. Eastern time, according to Yahoo Finance.
Last week, the Santa Monica, California-based company forecast second-quarter revenue would rise between 79% and 86%, representing revenue of between $157.0 million and $163.0 million.
First-quarter revenue at ZipRecruiter was $125.4 million, representing a year-over-year increase of 10.7%.
Daily News
ZipRecruiter begins trading on the New York Stock Exchange