Care.com aims to raise $80 million by going public on the New York Stock Exchange, according to VentureBeat.
Care.com is a website that gives people access to caregivers for their kids, homes, elders, and even pets. At present, the site has 9.1 million members. The company's revenue for nine months until September this year totaled $59 million. This amount represents an 81% increase from the same period last year. In 2012, Care saw a net loss of $20.4 million. The firm said it expects to have more operating losses as the business grows, the report detailed.
The Boston-based company wants to capture the care market by providing an easier way to find and book care. The firm also plans to introduce new products that will help increase revenue and create more payment solutions for automatic calculation of tax withholdings and payroll, the report explained.
The caregiver service provider is active in 16 countries and is looking to expand its international footprint, VentureBeat reported.
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