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FVRR - Fiverr International News Story

$157.97 -8.7  -5.2%

Last Trade - 13/05/21

Sector
Technology
Size
Large Cap
Market Cap £4.25bn
Enterprise Value £4.20bn
Revenue £159.2m
Position in Universe 1238th / 6855

BUZZ-Fiverr Int'l rises after co prices $120 mln stock offering

Fri 29th May, 2020 4:29pm
** Fiverr International  FVRR.N  shares up 5.6% to $64.05
and hovering near record highs after co prices follow-on
    ** Israel-based online marketplace for freelancers sells 2
mln shares at $60, raises $120 mln for general corp purposes
 urn:newsml:reuters.com:*:nBw8YKxd0a
    ** Deal size increased from $100 mln
    ** JP Morgan acting as lead bookrunner for offering, joined
by BofA, Citigroup and UBS as bookrunners
    ** With Fri move, FVRR has surged ~155% since end Mar. Co on
May 7 raised its 2020 revenue outlook saying stay-at-home orders
amid COVID-19 pandemic provided strong tailwind for its business
 urn:newsml:reuters.com:*:nL4N2CP4BM
    ** FVRR went public last Jun at $21/sh
    ** 4 of 7 analysts rate stock "buy" or stronger, 3 are
neutral; median PT of $55 up from $36 a month ago (Refinitiv
data)

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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