By Amber Deter Vimeo stock hit the market today. For those who haven’t heard, IAC (Nasdaq: IAC), the parent company of Vimeo, took the company public in a spin-off. This isn’t the first time IAC has done this, and it likely won’t be the last. Here are all the details on the Vimeo IPO.
Vimeo Stock: The Business
Zach Klein and Jake Lodwick founded Vimeo in 2004. Vimeo is an American video hosting, sharing and services platform. Headquartered in New York City, the company aims to deliver high-definition video across a number of devices. Vimeo’s business model is software-as-a-service (SaaS).
According to Vimeo’s website, the platform …read more
