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What Did Fiverr Ipo At?

Last updated on September 29, 2022 @ 12:21 am

Fiverr, the online marketplace for freelance services, raised $111 million after pricing its initial public offering at $21 per share. The company sold 5.25 million shares, giving it a market value of about $1.79 billion.

Fiverr’s IPO comes as the company looks to capitalize on the growing gig economy. The platform enables businesses and individuals to connect with freelancers who can provide a variety of services, from graphic design and web development to marketing and customer service.

PRO TIP: Fiverr Ipo’d at $21.50 a share, giving the company a valuation of $1.54 billion. The stock is up over 30% in early trading.

This is a highly volatile stock and is not suitable for long-term investment.

With the recent IPO, Fiverr is now better positioned to compete against other freelancer platforms such as UpWork and Freelancer.com. The company will use the new capital to invest in product development and international expansion.

Fiverr’s IPO is a sign that the gig economy is here to stay. The company’s success will depend on its ability to continue innovating and expanding its services to meet the needs of businesses and freelancers around the world.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.