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freelancer ipo, page-3

  1. 5,792 Posts.
    lightbulb Created with Sketch. 1411
    I believe they are up to 9.3m members now (after a month). The member growth in the past 24 hours (from their website) is enough to add 30% in the next 365 days (assuming today is an average day).

    When I look at it:

    The growth is great.
    They claim to have previously had a $400m take-over offer.
    Profit is near break-even.
    $210m market cap is 12x REVENUE. Not cheap, but that should come down quickly enough.

    I think I'll put in the minimum $2000 so I have motivation to keep track of it in the years to come, when revenue should be higher and the time when they start focusing on profit.
 
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