Care.com Said to Pick Morgan Stanley as Lead Bank for IPO
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Care.com Inc., owner of a website used to find babysitters, plans to hold an initial public offering early next year and chose Morgan Stanley as the lead bank, according to two people with knowledge of the decision.
Care.com, based in Waltham, Massachusetts, intends to file to go public in a few weeks and wants to raise about $100 million in the first quarter of 2014, said one of the people, who asked not to be named because the information isn’t public.