Care.com IPO A Hit With Its Online Family Care Model
Care.com (CRCM) stock popped 35% in its initial public offering Friday, with the company raising $91 million by selling 5.4 million shares at $17, above its expected range of $14 to $16. Care.com stock was near 23 in early afternoon trading in the stock market today. The company describes itself as the world’s largest online marketplace for finding and managing family care. It claims more than 9.7 million members: 5.2 families and 4.5 million