Originally posted by retiredyoung
Upwork, a marketplace for businesses to hire and manage remote freelancers, raised the proposed deal size for its upcoming IPO on Monday.
The Mountain View, CA-based company now plans to raise $160 million by offering 12.30 million shares (now 5.48 million insider) at a price range of $12 to $14.
https://www.renaissancecapital.com/...place-Upwork-increases-proposed-IPO-deal-size
From related articles:
'at a price range of US$10 to $12. At the midpoint of the proposed range, Upwork would command a fully diluted market value of US$1.3 billion'
at US$13, this becomes > US$1.54b (A$2.12b)
'Upwork .. booked US$229 million [A$317m] in revenue for the 12 months ended June 30, 2018'
MV:Revenue multiple: 6.7x
In comparison:
FLN HY18 revenue A$25m; annualised A$50m.
Mkt cap A$237m.
MV:Revenue multiple 4.7x
DYOR
Originally posted by retiredyoung
Upwork, a marketplace for businesses to hire and manage remote freelancers, raised the proposed deal size for its upcoming IPO on Monday.
The Mountain View, CA-based company now plans to raise $160 million by offering 12.30 million shares (now 5.48 million insider) at a price range of $12 to $14.
https://www.renaissancecapital.com/...place-Upwork-increases-proposed-IPO-deal-size
(20min delay)