Fiverr, the Israeli-based online freelance platform, has recently unveiled its latest prospectus for its upcoming initial public offering (IPO) on Wall Street.
This is lower than previous reports, which suggested the company was seeking a valuation of $800 million.
The company will sell 5.3 million shares at $18-$20 per share and the underwriters will have an option to buy an additional 750,000 shares, if the offering is successful. After the offering there will be 31 million shares, meaning that the public will hold a 17% stake of the company.
The company also published that the current shareholders are: BVP Group (14.9% and 12.4% after the offering); Accel (12.1% and 10% after the offering); Square Peg Capital (11.3% and 9.4% after the offering); and Qumra (7% and 5.8% after the offering). The company's founders CEO Micha Kaufman with Shai Wininger, hold 9.3% and 6.8% respectively, which will fall to 7.7% and 5.7% after the IPO.
Fiverr is being represented by Advs. Shachar Hadar, Itay Frishman, Miri Shalit and Elad Ziv from Meitar Liquornik Geva Leshem Tal law firm.
Read more here.
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