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
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