Shares of Waltham-based Care.com shot up yesterday, marking a successful first day of trading for the Boston area's first tech IPO in a year and a half.
Care.com shares closed at $24.30, up nearly 43 percent from the IPO price of $17 per share. Coming out of the SEC-mandated quiet period, Care.com founder and CEO Sheila Lirio Marcelo said the company will continue to expand its membership and grow as a company.
"We're targeting 42 million households in the U.S. alone," Marcelo told Bloomberg TV after ringing the opening bell at the New York Stock Exchange. "We barely touched the surface."
Care.com, an online service that connects professionals with people who need family care, has 9.7 million members around the world.
Marcelo said her company would use the IPO to "raise the overall awareness (of Care.com) to help families and to take advantage of acquiring companies."
The company has made a number of significant acquisitions already, including German care site Besser Betreut. Marcelo said the family care industry is "fragmented," so acquisitions make sense going forward.
"There's ways for us to enhance our products and services so we can deliver more for our members," Marcelo said. "We're definitely interested in continuing to expand our overall offerings."
Right now, care.com users can find child, adult and senior, pet and home care.
Yesterday's closing price gave Care.com a market cap of $722.83 million.
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