Skip to main content

Care.com IPO Success Shows Market is Hungry for Good Net Stocks

The Care.com IPO jumped on the first day of trading showing that investors still want good internet names.

The Care.com IPO priced above its planned ranged and proceeded to trade higher even as the broader market was down. This success shows investor demand for good internet properties is still strong. CEO and Founder Sheila Marcelo said the company's main goal right now is to grow the customer base and reputation. Care.com's revenue has grown dramatically and although losses and expenses have grown as well, that didn't concern today's buyers.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

TheStreet Recommends