ZipRecruiter’s Business Model Is Working
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ZipRecruiter (NYSE:ZIP), the online employment marketplace, was valued at $2.7 billion after debuting on the New York Stock Exchange on Wednesday. The company went public through a direct listing, and so, the company itself was not selling any shares and did not receive any proceeds from the direct listing. Rather, selling shareholders offered 86,598,896 shares of Class A common stock to the public at $18 per share. The company’s stock opened at $20 per share,…
