Gig marketplace Fiverr International sets terms for $100 million US IPO
Fiverr International, an online marketplace to hire and manage remote freelancers, announced terms for its IPO on Monday.
The Tel Aviv, Israel-based company plans to raise $100 million by offering 5.3 million shares at a price range of $18 to $20. At the midpoint of the proposed range, Fiverr International would command a fully diluted market value of $635 million.
Fiverr International was founded in 2010 and booked $83 million in sales for the 12 months ended March 31, 2019. It plans to list on the NYSE under the symbol FVRR. J.P. Morgan, Citi and BofA Merrill Lynch are the joint bookrunners on the deal. It is expected to price during the week of June 10, 2019.
The article Gig marketplace Fiverr International sets terms for $100 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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