Fiverr Wants to Go Public According to a Post-IPO Valuation of $650 Million
The online gig marketplace is looking to raise $121 million in its initial public offering on NYSE, according to its new prospectus
Online gig marketplace Fiverr Int. Ltd. is looking to raise $121 million in its upcoming initial public offering on NYSE, at a post IPO valuation of $650 million, according to an updated prospectus submitted Monday to the U.S. Securities and Exchange Commission. The company is pricing 5.2 million shares at an estimated $18 to $20 each.
For daily updates, subscribe to our newsletter by clicking here.In its previous prospectus, submitted in May, Fiverr reported revenues of $75.5 million for 2018 and of $52 million for 2017. The company also reported a net loss of $36 million for 2018, and of $19 million for 2017. Like Uber, Fiverr has cautioned that it may never reach profitability. According to the prospectus, Fiverr has facilitated over 50 million transactions to date and operates in over 160 countries.