Shares of Fiverr (FVRR) skyrocket on IPO day

: fvrr | Fiverr International Ltd. News, Ratings, and Charts

fvrr – Shares of Fiverr jumped in the IPO debut Thursday.

Shares of Israeli freelancer online marketplace Fiverr International (FVRR)  jumped more than 58% to $33.27 on Thursday, its first day of trading on the New York Stock Exchange.

The company’s initial public offering was priced at $21 per share on Wednesday night, higher than its suggested range between $18 and $20.

The company plans to offer 5.26 million shares and expects to raise more than $110 million in Thursday’s debut. The stock’s first trade Thursday was at $26.

Last year, the company reported $75.5 million in revenue, up from the $52.1 million it took in the year prior. About 57% of that revenue was generated from existing “buyers” with 43% coming from new “buyers.”

However, Fiverr also posted a loss of $36.1 million in 2018 and a loss of $19.3 million in 2017.

The company reported having 255,000 active sellers and 2.1 million active buyers.

In the first quarter of 2019, the company reported losing $8.3 million, about half of the $16.3 million it reported losing a year earlier..


FVRR shares . Year-to-date, Fiverr International Ltd. (FVRR - Get Rating) has declined 0.00%, versus a 16.38% rise in the benchmark S&P 500 index during the same period.


This article is brought to you courtesy of TheStreet.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NASDAQ: MAT | Mattel, Inc. News, Ratings, and Charts

Mattel (MAT) plummets as toy mogul loses interest in potential merger

Mattel’s stock falls after toy mogul Isaac Larian loses interest in merging his company with Mattel
NYSE: ORCL | Oracle Corporation Common Stock News, Ratings, and Charts

Oracle (ORCL) shares surge after-hours following earnings report

Oracle shares rise after beating expectations
NYSE: X | United States Steel Corporation Common Stock News, Ratings, and Charts

Why U.S. Steel (X) shares got an upgrade from a Vertical Group analyst

Vertical Steel thinks U.S. Steel shares could rise due to big production cut
NYSE: SHOP | Shopify Inc. Class A Subordinate Voting Shares News, Ratings, and Charts

Shopify (SHOP) shares soar after unveiling plans for a new distribution network

Shopify hit an all-time high after announcing plans for distribution network
NASDAQ: NFLX | Netflix, Inc. News, Ratings, and Charts

New Adam Sandler movie sets a Netflix (NFLX) viewing record

Adam Sandler and Jennifer Aniston's Netflix, Inc. flick "Murder Mystery" may have broken viewing records.

Read More Stories


More Fiverr International Ltd. (fvrr) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All fvrr News
Page generated in 1.0741 seconds.