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Upwork Priced, Nasdaq: UPWK

Marketplace for businesses to hire and manage remote freelancers.

Industry: Technology

First Day Return: +41.2%

Industry: Technology

We operate the largest online global marketplace that enables businesses to find and work with highly-skilled freelancers as measured by gross services volume (GSV). Freelancers are an increasingly sought-after, critical, and expanding segment of the global workforce. In the twelve months ended June 30, 2018, our platform enabled $1.56 billion of GSV across 2.0 million projects between approximately 375,000 freelancers and 475,000 clients in over 180 countries. We define freelancers as users of our platform that advertise and provide services to clients through our platform, and we define clients as users of our platform that work with freelancers through our platform. The freelancers on our platform include independent professionals and agencies of varying sizes. The clients on our platform range in size from small businesses to Fortune 500 companies. Our company was formed when the largest online talent marketplaces at the time, Elance and oDesk, combined in 2014. Our platform provides clients with fast, secure, and efficient access to high-quality talent with over 5,000 skills across over 70 categories, such as content marketing, customer service, data science and analytics, graphic design, mobile development and sales. We reduce reliance on staffing firms, recruiters, and traditional agencies while providing features that help instill trust in remote work.
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IPO Data
IPO File Date 09/06/2018
Offer Price $15.00
Price Range $12.00 - $14.00
Offer Shares (mm) 12.5
Deal Size ($mm) $187
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/02/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $187
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Mountain View, CA, United States
Founded 1998
Employees at IPO 395
Website www.upwork.com

Upwork (UPWK) Performance