I am ready for a career move so started googling random open positions. Found that Indeed was one of the big players that is hiring crazy but don’t see any news of it wanting to IPO. Most of the tech companies all have a plan on going IPO or already IPO. Any reason why Indeed is staying private?
What they offer is still relatively liquid (not paper money), so you don't need them to IPO.
You worked at Indeed before?
I disagree that LTIP is trash equity. I was offered 50k. It’s about $150k per year. It’s liquid. It means I’d get $450k if I stayed 3 years with Indeed. If you don’t stay 3 years, you don’t get anything. This is the biggest downside.
Lol, "will this company owned by a public company go IPO". LTIPs at Indeed can be solid. I wonder if Glassdoor got the same deal as Indeed. Recruit was never gung ho about them, but they did realize it was needed to keep the culture they'd just bought. I don't know what went in to their calculus for Glassdoor.... I think they just wanted to end Indeed's top competitor at the time
No IPO.
Indeed is owned by Recruit Holdings, same as Glassdoor. They won’t go IPO.
So the parent company already has stock in Japan. Ah!!
I don’t know if legally it’s possibly, Recruit is public.... no idea what the rules are or if it’s just part of the acquisition agreement. But outside of that, Recruit will provide funding vs getting it on the open market. Through Glassdoor’s acquisition, all stock was converted to cash. Likely the same when Indeed was purchased. There’s no stock of any kind granted. Just LTIP which has little to no upside and isn’t worth much.