Fiverr International Ltd
Keeping Up with Sharing Economy IPOs Fiverr, Slack, and RealReal
While May was marked by Uber’s (UBER) flop IPO, June saw three sharing economy IPOs do great on their debuts, meaning windfall gains for early investors.
Slack to Go Public Today at $26: Will It Get Fiverred or Uberred?
Slack’s public debut is a little different. Slack is following the direct public offering route to list its stock on the NYSE. Unlike an IPO, companies don’t raise any money through a DPO. Instead, they give an exit opportunity to their shareholders. There is no investment banker to market the shares and hold them to reduce volatility. Last year, Spotify (SPOT) followed this route.
Can Fiverr Maintain Steam after Rising 90% on IPO Debut?
Yesterday, another gig-economy startup debuted on the stock exchange. Fiverr (FVRR), which is a marketplace for freelance projects, jumped 90% on the day of its IPO. Fiverr set its IPO price at $21 but opened higher at $26.24.