Is Glassdoor considering an IPO in 2018?
12 Mar 2018
Is Glassdoor considering an IPO? Bloomberg says yes. According to “people familiar with the matter,” Glassdoor is interviewing banks to advise on an initial public offering that could come as soon as the second half of 2018.
While the people Bloomberg interviewed asked not to be identified “as the details aren’t public,” they reported that revenue at the company, which now runs one of the largest jobs sites in the United States, is growing 30 percent year-over-year and that Glassdoor is breaking even.
The recruitment site got its start in 2007, hosting employee reviews about the culture and management of their companies. Its popular job board and aggregation service later. Last year, Comscore reported Glassdoor was the fastest-growing U.S. website for jobs.
The site has 800,000 unique job listings (five million including listings aggregated from other sites) and 38 million reviews available in 190 countries.
Bloomberg asked Samantha Zupan (LinkedIn profile), Glassdoor’s vice president of global corporate communications, for comment; she said the company couldn’t comment on unsubstantiated reports.