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Venture capital-backed Care.com eyes New York IPO

10 Jan 2014

stocks2_lrgVenture capital-backed online marketplace Care.com has filed to raise $86m via an IPO on the New York Stock Exchange.

The company, which is backed by Institutional Venture Partners (IVP), Matrix Partners, NEA and Trinity Ventures, is looking to float 5.4m shares at a price of between $14 and $16 per share, according to a documents filed with US securities regulators.

Care.com will trade under the symbol CRCM, the filing showed.

Morgan Stanley, BofA Merrill Lynch, JP Morgan, Allen & Company and Stifel are acting as underwriters for the IPO.

IVP led a $50m round for Care.com in August 2012, which also saw participation from Matrix, NEA and Trinity.

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