- Care.com has set an IPO price range of $14-$16. After factoring options, warrants, and preferred shares, that spells a valuation range of $469M-$536M for the online home caregiver marketplace, which plans to trade under the symbol CRCM. (S-1)
- Given Care.com's recent top-line numbers, the company may end up going public at 5x-6x trailing sales.
- Morgan Stanley, BofA/Merrill, JPMorgan, Allen & Co., and Stifel are underwriting. Prospective IPO buyers are likely to play close attention to both Care.com's rapid growth (+81% Y/Y over the first nine months of 2013) and heavy sales/marketing spend (77% of revenue over the aforementioned timeframe).
Care.com sets IPO price range, eyes ~$500M valuation
Jan 10 2014, 14:33 ET