EPWK Holdings, which operates an online freelance and crowdsourcing marketplace in China, filed on Thursday with the SEC to raise up to $30 million in an initial public offering.
EPWK operates a digital crowdsourcing marketplace with a comprehensive services catalog and an efficient search, find, and order process to match "buyers" and "sellers." Buyers include micro, small, and medium-sized businesses from various industries, and sellers consist of student artists, professional designers, part-time freelancers, and micro, small, and medium-sized businesses with different talents, skills, and services to offer. As of December 31, 2021, EPWK's platform had approximately 7.7 million active buyers and 15.5 million sellers across more than 2,800 cities and counties.
The Xiamen, China-based company was founded in 2011 and booked $13 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol EPWK. Revere Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
