The company expects a valuation of between $3 billion and $5 billion in the IPO, which could come in the first half of 2021, the sources said. ZipRecruiter was valued at $1.5 billion in a fundraising round in 2018.
The company had its ups and downs during 2020 since the COVID-19 pandemic took a toll on its job posting business. The postings have rebounded in a certain amount, and ZipRecruiter wants to take advantage of the moment when the wide distribution of vaccines is still several months away and the IPO market for technology startups is still hot.
The job marketplace ZipRecruiter charges a fee for job postings and it’s free for job seekers who are šposting resumes. The Santa Monica-based company has 700 employees in the United States, Canada, Britain, and Israel. According to its website, the platform have used more than 100 million job seekers and more than 2.6 million businesses.