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March 3rd, 2021 
Awake Goy 
Israeli tech firm Fiverr International Ltd., which connects businesses with freelancers, has filed a preliminary prospectus with the US Securities and Exchange Commission to raise $700 million through a share sale, taking advantage of the rise in its price on the New York Stock exchange to raise more money.
Fiverr also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the ordinary shares sold in the offering at the public offering price, less underwriting commissions, the company said in a statement announcing the filing of the prospectus with the SEC.
Fiverr connects business with freelancers offering digital services, such as copy editing or website consulting.
The company held an initial public offering of shares on the New York Stock Exchange in June 2019, and the firm now has a market capitalization of $10 billion. In the past 12 months the firm has seen its shares surge to $279.44 from $30.64 in on March 2, 2020, a more than 800% rise.
The final terms of the newly proposed public offering will be disclosed in a final prospectus supplement to be filed with the SEC, the statement said.
The coronavirus has helped propel demand for the company’s services, bringing growth in the number of transactions between businesses and freelancers, as lockdowns forced people to stay home and businesses turned to online services.
Revenue in 2020, which the company called a “landmark year” jumped 77 percent, reaching $190 million, and net loss for the year narrowed to $14.8 million, compared to a net loss of $33.5 million in 2019.
In the year ended December 31, 2020, over 3.4 million customers bought a wide range of services from freelancers across more than 160 countries.
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