The widely awaited ZipRecruiter initial public offering (IPO) is causing quite a stir in the marketplace. This is the next popular IPO in a long line of direct listings. With our guide, you’ll learn how to buy stocks and participate in ZipRecruiter’s IPO.
Quick ZipRecruiter History
ZipRecruiter is a job board that is perfect for those seeking work around the world. Ian Siegel, Joe Edmonds, Ward Poulos, and Will Redd formed ZipRecruiter in 2010. The corporation is based in Santa Monica, California, and has branches in Tempe, Arizona, London, United Kingdom, and Tel Aviv, Israel. ZipRecruiter is a leading online job board that constantly connects job seekers.
They find people with the right expertise and invite them to apply using effective pairing technologies. The organization effectively links millions of small businesses and job seekers using AI-driven smart matching technology. Diligent experts will assist you in developing an effective recruiting plan and managing your expenses.
The Good and the Bad of ZipRecruiter Stock
When you own stock or shares in a company, you reap many benefits. Here are some of the pros and cons of being a ZipRecruiter shareholder.
Pros of Owning ZipRecruiter Stock
- Employers pay billions of dollars per year to select eligible applicants for job vacancies. A large portion of the revenue is funneled into online recruitment companies like ZipRecruiter.
- Following the pandemic, employers are struggling to find skilled candidates, and ZipRecruiter is among the most popular job-matching sites available.
Cons of Owning ZipRecruiter Stock
- ZipRecruiter has very high prices that many smaller businesses cannot afford to pay in order to find qualified candidates.
- Consumers have expressed their dissatisfaction with the system’s inconsistency and unreliable customer service.
Outlook for ZipRecruiter Stock
ZipRecruiter connects job seekers with available jobs and employers with qualified applicants. During the pandemic, ZipRecruiter’s gross sales decreased marginally. Its net sales in 2020 was $418.1 million, down from $429.6 million the previous year.
This year is off to a good start, with first-quarter earnings of $125.4 million, up from $113.3 billion in the corresponding period last year. The company aims to offer up to 86.6 million shares of Class A common stock on the stock exchange. The price of this stock is estimated to be $25.04 per share.
Steps to Buy ZipRecruiter Stock
To purchase ZipRecruiter stock, you must first open a brokerage account, then a trading account, deposit money, and then begin purchasing shares.
Step 1: Select a Brokerage
You will need a brokerage account to invest in ZipRecruiter when it goes public. Consider opening a brokerage account now so you’ll be prepared when the stock goes public.
Step 2: Open the Trading Account
After you’ve decided on the best brokerage for you, you’ll need to open an account with them. You will use this account to post transactions and exchange stocks at specific times and rates.
Step 3: Deposit Funds Into the Account
You’ll be able to deposit funds to buy ZipRecruiter stock after you’ve attached an acceptable form of payment to your account. You will need to determine how many shares of ZipRecruiter stock you want to purchase once your account is officially activated.
Step 4: Search for the ZipRecruiter Ticker Symbol (ZIP)
Find the stock using the name or ticker symbol – ZIP – and do some homework before determining if it’s a solid investment for you.
Step 5: Purchase ZipRecruiter Stock
At the bottom of each page, brokers will have a “deal ticket” where you can place your type of order. On the broker’s order form, you’ll insert the sign and the amount of shares you would like to buy. In a market order, you can buy as many shares as you choose, or you can use a limit order to postpone the buying before the stock hits a certain amount.
Is ZipRecruiter Stock a Good Buy?
Later this week, online recruitment company ZipRecruiter will go public via direct listing. They have expanded their machine learning and artificial intelligence tools in order to better align applicants with job opportunities based on specific qualifications.
Zip Recruiter should be able to steal market share away from current recruiters and expand the market. It needs to be seen how the consumer reacts to this IPO. This will undoubtedly be an interesting Initial public offering to watch this week. If you would like to consult a professional to help you invest in stocks, feel free to reach out to a trusted financial advisor today.