Fiverr, the global online freelancing platform based out of Israel, has recently announced plans to hold an initial public offering of shares in New York. The valuation of the firm is estimated to be at least $1 billion USD.
Representatives of the company have been meeting with potential Wall Street underwriters and is targeting the beginning of next year for a share offering on the Nasdaq, TheMarker reported, citing unnamed sources.
The startup, which has raised some $111 million to date, according to data compiled by Start-Up Nation Central, has become a global leader for online freelance services. The firm was set up in 2010 by Micha Kaufman, Shai Wininger and Guy Gamzu.
A spokesman for the startup declined to comment.
On the Fiverr platform, freelancers can offer their services in a wide variety of categories, starting from $5. As of September 2017, Fiverr offered a catalog of digital services in over 150 categories, with more than 10 million services online from 150 countries, according to data provided by the company. And some 6,000 new services were added every day. The company employed some 280 workers, 180 of them in Israel and the rest in the US.
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