FLN 8.82% 18.5¢ freelancer limited

Reports due soon, page-112

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    Extracts:

    [Airtasker] filed its prospectus to list on the ASX on Monday, anticipating to go public on March 22, with a market capitalisation of $255.4 million, after raising $83.7 million.

    The company has forecast a full fiscal 2021 statutory net loss of $12.3 million on projected revenue of $24.5 million, meaning it will come to market with a revenue multiple of 9.2 times.

    Even on these metrics, FLN should be trading in the mid $1ps range.

    DYOR
 
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