Fiverr Heading for New York IPO, Bloomberg Reports

Online gig marketplace Fiverr Int. Ltd. has hired Citigroup Inc. and JP Morgan Chase & Co. to manage its initial public offering in New York towards the second half of 2019, Bloomberg reported Thursday. The company is seeking a valuation of around $800 million, according to the report.

Founded in 2010, Fiverr allows users to buy and sell professional services online. The company is headquartered in Tel Aviv with additional offices in New York, Chicago, Miami, San Francisco, and Berlin. Fiverr raised $111 million to date. Last week, Fiverr announced the acquisition of Phoenix, Arizona-based web content company ClearVoice Inc.