ZipRecruiter's NYSE reference price has been set at $18 ahead of its direct listing. At that price, the company would command a fully diluted market value of $2.3 billion.
The New York, NY-based company plans to list on the NYSE today under the symbol ZIP. The NYSE reference price does not reflect an offering price, or the opening price for ZipRecruiter's shares. Instead, the opening public price will be determined by the designated market maker, using buy and sell orders collected by the NYSE from broker-dealers.
As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, Goldman Sachs, J.P. Morgan, Barclays, Evercore ISI, William Blair, and Raymond James will serve as financial advisors.
