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How to buy ZipRecruiter (ZIP) stock when it goes public

Here's what we know about the ZipRecruiter direct listing.

ZipRecruiter, an online job posting marketplace, was founded in 2010 in Santa Monica, California. The firm charges employers a listing fee for jobs but is free to applicants who post their resumes. The company is expected to complete its direct listing on or around May 26. We will update this page as new information emerges.

What we know about the ZipRecruiter IPO

Job site ZipRecruiter has filed a Form S-1 with the US Securities and Exchange Commission, indicating its plans to go public via a direct listing later this month.

The company is expected to offer 86,598,896 shares. The deal is expected to wrap up on May 26, but this date may change.

The online job recruiter is in high gear to take advantage of a very hot IPO market.

Published reports say the company's valuation could be between $3 billion and $5 billion. In an earlier funding round in 2018, the company was valued at $1.5 billion.

How to buy shares in ZipRecruiter when it goes public

Once ZipRecruiter goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – ZIP – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

ZipRecruiter’s balance sheet

Santa Monica-based ZipRecruiter was founded in 2010. During its time in business, it’s helped connect over 110 million job seekers with over 2.8 million businesses. And with the public release of its S-1 filing, we were able to get a closer look at its balance sheet:

20192020
ZipRecruiter’s revenue$429.5 million$418.1 million
ZipRecruiter’s net income (loss)($6.3 million)$86 million

ZipRecruiter’s financials paint an interesting picture: it didn’t earn as much revenue in 2020 but managed to turn a profit, which is a promising indication for interested investors — so long as it can uphold the trend. As is the case for any IPO, carefully vet the company in question by reviewing its performance and financial data before you buy in.

Pre-IPO funding

ZipRecruiter’s website says it has over 700 employees in the United States, Canada, Britain and Israel. It has placed people in more than 1.8 million jobs, and its investors include venture capital firms IVP and Basepoint Ventures.

The company is privately held, so its financials are not public. However, it issued $63 million in stock in 2014 and had four investors at that time, according to SEC form D. According to a Prequin report, ZipRecruiter raised $156 million in series B funding in October 2018. This infusion was co-led by Wellington Management and returning investor Institutional Venture Partners, with participation from other unspecified investors. In February 2018, the firm raised $50 million in series B funding from unspecified investors. Its other known investors include Industry Ventures and Basepoint Ventures.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like ZipRecruiter can be useful in determining how the market is performing and whether now is a good time to invest in this industry.

Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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