Job aggregator Talent.com is eyeing a new funding round and a possible IPO, the company has confirmed.
Talent.com, rebranded from Neuvoo in 2019, this month hired its first chief financial officer and last week it posted an opening for a director of financial reporting and tax. Both additions anticipate serious fundraising.
“As the company was looking to hire its first CFO, it made sure that candidates had the experience required to lead the finance function in the context of a public company,” Talent.com president Michael O’Dell told the AIM Group. “We are experiencing strong growth and an IPO could definitely become an option.”
New CFO Philippe Bonin has worked for several large public companies and has participated in equity and debt IPO processes, O’Dell said. The former Ernst & Young auditor has also worked in the private equity space, O’Dell noted.
O’Dell said the company hasn’t yet made concrete plans for the IPO and he didn’t say what Talent aims for in terms of valuation. “This is more of an exercise to make sure we have the talent we need in place if and when an opportunity arises,” he said.
Last week, Talent was listed as one of the 25 fastest growing firms in the Americas with an absolute growth rate (AGR) of 2,144% and revenues of $52.1 million U.S. in 2019.
In 2019, the AIM Group listed Neuvoo.com as the 35th most visited jobs site in the world, with 11.3 million visits per month. A year later, the company, which had just rebranded as Talent.com, had moved up to no. 6, with 54.6 million visits.
This year it slipped one spot to no.7, but it remains the no.2 pure aggregator in the world, behind Ukraine-based Jooble, the AIM Group believes.
However, Talent.com has told the AIM Group that it considers its main competition Indeed, the no.1 job site in the world in terms of both revenue and traffic.