IPOs

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.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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