• Boston Business Journal, Thursday, January 30, 2014 11:39 AM

Care.com closed its initial public offering of stock Wednesday including the full exercise of options by underwriters, which boosted the IPO funding raised to $104.6 million.

The Waltham, Mass.-based caregiver services marketplace had priced the IPO at $17 a share on Jan. 23. The IPO initially raised $90.95 million through the sale of 5.35 million shares.

The firm said it has now sold up to 802,500 additional shares to underwriters.

Morgan Stanley, BofA Merrill Lynch and J.P. Morgan acted as joint book-running managers for the offering; Allen & Company LLC and Stifel acted as co-managers.

Shares in the company closed at $27.32 on Wednesday, up 7 percent for the day and up 61 percent from the IPO price. The firm's shares rose 43 percent in the first day of trading, Jan. 24,

Care.com (NYSE: CRCM) became the first venture-funded tech company headquartered in the Boston area to go public in about 19 months. The last was Burlington, Mass.-based simulation software maker Exa Corp. (Nasdaq: EXA) in late June of 2012.

Founded in 2006 by CEO Sheila Lirio Marcelo, Care.com had raised a total of $111 million in funding.

Matrix Partners of Cambridge is the largest investor in the company, with 22.2 percent of shares.

The company's online marketplace connects families with caregivers for children, seniors, special needs individuals and pets; the site has 9.7 million members — 5.2 million families and 4.5 million caregivers — across 16 countries.

Read the whole story at Boston Business Journal »