Shares of Fiverr (FVRR) skyrocket on IPO day

: fvrr | Fiverr International Ltd. Ordinary Shares, no par value News, Ratings, and Charts

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

Get Free Updates

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

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. Ordinary Shares, no par value (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

: CGC | Canopy Growth Corporation  News, Ratings, and Charts

What's next for Canopy Growth (CGC), as Bruce Linton finally moves on

For the world's largest cannabis company by market cap, Canopy Growth (CGC) has seen its fair share of shake-ups in the past few months.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

What Quadruple Witching Friday Means for Investors

A bigger factor in the dampening of the witching effect is the explosion of new products and expansion of expirations offered. Continue reading to see what quadruple witching Friday means for investors.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

Repo Market Chaos Could Lead to a Crisis

Chaos in short-term funding markets this week forced the Federal Reserve to step in with a series of overnight rescue operations. Continue reading for more details.
NASDAQ: BGCP | BGC Partners, Inc. -  News, Ratings, and Charts

7 Extreme Yield, Extreme Value Stocks

BGCP delivers 9.77% dividend yield and 57% upside to fair value targets. And that is only 1 of the 7 stellar stocks shared below.
: .INX | S&P 500 Index News, Ratings, and Charts

The Good & Bad News of the US-China Trade War

Thanks to the fast-changing soap opera that is the US/China Trade war stocks have spent much of the last year going nowhere fast. Continue reading to find out the good and bad news about the trade war.

Read More Stories


More Fiverr International Ltd. Ordinary Shares, no par value (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 1.4464 seconds.