You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.’s IPO raises about $91m Inc. raised $91 million in an initial public stock offering and will begin its first day of trading as a public company Friday on the New York Stock Exchange.

The Waltham company runs an online marketplace for nannies, home health care nurses, dog walkers, and other care providers. It priced 5.35 million shares at $17, giving it a market value of about $554 million. It is the first Massachusetts company to go public this year and the state’s first software company to go public since Exa Corp., in June 2012.

Continue reading below

IPOs are on the rise. The number last year was at the highest point since 2000. In the coming year, more than a dozen Massachusetts computer technology, Internet, and life sciences companies are poised to follow with initial offerings.

Chief executive Sheila Lirio Marcelo will ring the opening bell of the stock exchange Friday morning. A Harvard Business School graduate, she founded the company in 2006. It has grown into a top destination for people to hire caregivers. It has about 200 employees at its headquarters in Waltham and 400 worldwide. has raised $111 million in venture capital funding.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of