RCRRF - ZipRecruiter stock set for Wednesday direct listing on NYSE at $18 reference price

Job-hunting platform ZipRecruiter (ZIP) is set to go public Wednesday via a New York Stock Exchange direct listing that carries an $18-a-share reference price.Certain ZIP shareholders plan to offer the public as many as 86.6M Class A shares, although unlike traditional initial public offerings, direct listings have no official pricing.The NYSE issues a “reference” price to give investors some idea of where it thinks shares will start trading, but the public simply bids what it wants and trading will begin as soon as selling shareholders accept a price.ZipRecruiter competes against the likes of Microsoft-owned LinkedIn and Indeed.com (owned by Japan’s Recruit Holdings (RCRRF)) in the popular world of online job listings.But the company wrote in its S-1 filing with the U.S. Securities and Exchange Commission that “unlike traditional online job sites, ZipRecruiter works like a matchmaker, curating job opportunities for job seekers and candidates for employers.”“For job seekers across all

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ZipRecruiter stock set for Wednesday direct listing on NYSE at $18 reference price