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Home / Business / Fiverr shares rise 90% in first trading day – TechCrunch

Fiverr shares rise 90% in first trading day – TechCrunch



The freelance market Fiverr had a good first day on the New York Stock Exchange.

The company priced its IPO at $ 21 per share last night and increased by around $ 111 million. It then started trading this morning at $ 26, with stocks climbing most of the day and ending at $ 39.90 – up 90% from the IPO price.

Fiverr is one of the best known companies that facilitates the so-called economic economy. When it was filed for public release last month, the company said it had made 50 million transactions between 5.5 million buyers and 830,000 freelancers.

Investors seem willing to bet on the company despite losing money, reporting a net loss of $ 36.1

million on revenues of $ 75.5 million in 2018. In an interview this afternoon, founder and CEO noted Micha Kaufman that the company's negative EBITDA shrinks (at least when you compare the first quarter of 2019 to the first quarter of 2018). [19659002] "We're on our way to profitability," Kaufman said. "It's the balance we are trying to keep – focusing on growth while building a business that will be profitable in the long term."

I want a complete story about our interview tomorrow morning.


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