Alphabet Inc.’s (GOOG, GOOGL) Google Capital Investment-debut in a Public Company is in Care.com (CRCM)
Shares of Care.com, Inc. (NYSE:CRCM) soared more than 40% to touch a new 52-week high in the extended session Wednesday after the online caregiving marketplace said that Alphabet Inc.’s (Nasdaq:GOOG) (Nasdaq:GOOGL) Google Capital acquired a stake in the company for $46.35 million
The transaction represents Google Capital’s investment-debut in a public company and makes Alphabet’s growth equity fund the biggest shareholder in Care.com.
CRCM stock closed at $8.47, up $0.23 (or +2.79%) with a total volume of 96,426 shares traded during the day.
Care.com, an online destination for finding and managing family care, has 32.57M Shares Outstanding. At close on Wednesday, the company a Market Capitalization $279.63M and CRCM stock one-year range was from $4.89 to $9.49per share
GOOG shares finished the regular session at $684.11, up $4.07 (or +0.60%) , while the price of GOOGL stock surged $3.93 (or +0.57%) to $695.19 on Wednesday’s trading session
Alphabet is the parent holding company of Google. It has 343.44M Shares Outstanding of GOOG and 293.68M Shares Outstanding of GOOGL. The 52-week range for GOOG stock is between $515.18 and $789.87, while for GOOGL stock is from $538.85 to $810.35 per share
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