Glassdoor, a US-based recruitment platform backed by internet technology conglomerate Alphabet’s growth equity arm, CapitalG, is in discussions with banks concerning an initial public offering, Bloomberg reported on Monday.
The offering is expected to be conducted in the second half of 2018, people familiar with the matter told Bloomberg. The same sources said Glassdoor is breaking even and showing year-on-year growth of approximately 30%.
Founded in 2007, Glassdoor operates a online platform where employers can advertise jobs, while employees can anonymously review their companies and share information about salaries. It also offers approval ratings for CEOs, details on benefits and office photos.
The news comes a week after Glassdoor hired James Cox as chief financial officer. He joined from social media marketing software developer Lithium Technologies, where he was also CFO.
Glassdoor has also appointed Christian Sutherland-Wong, previously the company’s senior vice-president and general manager of monetisation, as its chief operating officer.
Samantha Zupan was meanwhile named vice-president of global corporate communications. Zupan was the first Glassdoor employee to handle the company’s communications, back in 2008.
Glassdoor has raised approximately $200m in funding to date, most recently securing $40m in a 2016 round that valued it at $1bn. T Rowe Price Associates led the round, which included CapitalG, Battery Ventures, Sutter Hill Ventures and Tiger Global Management.
CapitalG had already led the company’s $70m series F round in 2015, with participation from Tiger Global, Battery Ventures and Sutter Hill Ventures. Glassdoor’s shareholders also include DAG Ventures, Benchmark and Dragoneer Investment Group.