Care.com Inc (NYSE:CRCM) is a website where users can hire service assistants like babysitters and pet sitters. The company went public on Friday on the New York Stock Exchange and it did very well.
Care.com priced their shares at $17 once trading started and the price jumped up around 30% or more throughout the day. The stock closed up 42.94% at $24.30 per share.
Care.com currently has 9.7 million registered users. Around 4 million of them are caregivers and the other 5.7 million are families. A majority of the users are women. Care.com receives around 2.9 million unique visitors per month (comScore).
Care.com plans to use their additional resources to expand and acquire other websites, according to BusinessInsider.