Fiverr To Raise $100 Million in Stock Offering

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Fiverr has released a new stock prospectus, prior to a public offering on the NASDAQ. The company seeks to raise $100 million, while placing an after offering valuation of the company at $600 million. The company plans to sell 5.3 million shares, at between 18-20 dollars per share.  

The company has created a worldwide market of freelancers for everything from designing a logo, to a full marketing campaign. Fiverr sales during the first quarter of 2019 totaled $24 million, up 40% from the year before. In 2018, Fiverr’s sales were $75.5 million up 45% from the year before, but the company continues to lose money. It lost $36 million in 2018. 70% of the Fiverr’s sales come from English-speaking countries.

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