Israeli freelancers platform Fiverr is readying for an IPO on Nasdaq at a valuation of some $1 billion, sources inform "Globes." Fiverr's world-leading platform has recently been expanded to include companies and professionals. The company has raised $110 million to date.
In a recent interview with "Globes", Fiverr CEO Micha Kaufman said that the company was examining the possibility of an IPO. "We are undoubtedly a company for which an IPO is on its menu of options, and, as with any other company, the question whether to remain private or go public is there. At the moment the focus is on growing as fast as possible."
Fiverr was founded by Kaufman and Shai Wininger, who left to found online insurance company Lemonade in 2014. "We looked at this market at the end of 2009, and realized that the potential was huge, because most freelancing activity was offline," Kaufman said. "Only 2% of the activity was online, and this is a market of almost $1.5 trillion a year in the US alone. Today it's 3%."
Fiverr decline to comment on the report.
Published by Globes [online], Israel business news - www.globes-online.com - on August 28, 2018
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