$1 billion job review website Glassdoor is reportedly making its first steps towards a 2018 IPO
Glassdoor is looking for banks to advise the company on a planned 2018 IPO, according to Bloomberg.
- The timing is still up in the air, but the company has an eye on the second half of 2018, according to the report.
- Glassdoor, which lets employees leave anonymous and honest reviews of their employers, was last valued at over $1 billion in a 2016 funding round.
The job review website Glassdoor could go public in 2018,Bloomberg reports .
Glassdoor is interviewing banks to advise on an initial public offering, which could come in the second half of 2018, sources told Bloomberg.
Glassdoor has raised $204.5 million in venture capital, according to Crunchbase . Its most recent funding round was in 2016, when the company raised $40 million at a reported valuation of over $1 billion, in a deal led by T. Rowe Price.
"As a matter of policy, we do not comment on unsubstantiated reports," a spokeswoman for Glassdoor told Business Insider.
Glassdoor, which was founded in 2007, is known primarily as a platform for letting employees anonymously leave honest reviews of their past or current employers, making it a popular resource for job-seekers. But it also sells products aimed at recruiters, such as sponsored job listings and recruitment services.
Last month, the company hired a new chief financial officer — a key step for many companies looking to take the leap from privately-held startup to publicly traded company. The new CFO, James Cox, previously served as CFO for Advent Software, a publicly-traded investment management software company.
