RCRRF - ZipRecruiter pops nearly 20% following NYSE direct listing

Job-hunting platform ZipRecruiter (ZIP) popped more than 15% Wednesday on the New York Stock Exchange after launching a direct listing with a $18-a-share reference price.ZipRecruiter opened at $20 a share shortly after noon ET through an NYSE direct listing, up 11.1% from an $18 reference price the exchange gave the stock. It quickly rose to as high as $21.44, up 19.1% from the reference price.However, ZIP then settled back to change hands at $21.17 shortly before 1 p.m. ET, up 17.6% on the session.ZipRecruiter didn’t offer any shares itself, but select private investors who held stock made as many as 86.6M shares available to the public. The company won’t receive any of the proceeds.ZIP competes in the crowded field of job-hunting sites, where it faces off against rivals like LinkedIn, Monster.com and CareerBuilder.However, most of those companies are either privately held or part of larger conglomerates. For instance, Microsoft owns

For further details see:

ZipRecruiter pops nearly 20% following NYSE direct listing