Online Marketplace Valued At $2.7 Billion

ZipRecruiter, the online job marketplace, is valued at $2.7 billion in New York Stock Exchange (NYSE) debt on May 26. This comes after shares jumped more than 10%, which reflects investor optimism over job growth as the U.S. economy improves. The company's stock opened at $20, which is up from the reference price of $18 per share. 

The company had value of $1.5 billion in a fundraising round in 2018. Investments came from Wellington Management Company and venture capital firm IVP. The company's stock market debut comes as U.S. job growth unexpectedly slowed in April. Some initial data for May also showing signs of weakness. Economists generally are expecting strong job growth in the months to come, as vaccinations gather pace and economic activity increas...

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