How JP Morgan Chase Became The Largest Bank In The US
Fiverr, the Israeli start-up is planning to conduct a U.S IPO and it is soliciting the help of both JP Morgan and Citi Group to make this happen – both companies will coordinate Fiverr’s initial Public Offering in New York.
At the core of Fiverr’s business is the provision of an online market place for freelancers.
The Tel-Aviv based company is estimated to be worth about $800 million.
According to Bloomberg, the sources asked not to be identified as the discussions are still private and no final decision has been made yet.
If this Fiverr IPO is to happen, it would be a break from a long drought of listings by Israeli companies in the U.S. in 2014, automotive-technology company Mobileye NV, also an Israeli company, raised almost $1 billion from American investors.
Since it incorporation in 2010, investors have injected up to $111 million into Fiverr – some of these investors are Bessemer Venture Partners and Qumra Capital.