Online caregiver marketplace Care.com sets terms for $80 million IPO
Care.com, the world's largest online marketplace for finding
and managing family care, announced terms for its IPO on Friday.
The Waltham, MA-based company plans to raise $80 million by
offering 5.4 million shares at a price range of $14 to $16. At
the midpoint of the proposed range, Care.com would command a
fully diluted market value of $485 million.
Care.com, which was founded in 2006 and booked $75 million in sales for the 12 months ended September 30, 2013, plans to list on the NYSE under the symbol CRCM. Care.com initially filed confidentially on September 13, 2013. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan are the joint bookrunners on the deal.