Law360 (May 29, 2020, 9:42 PM EDT) -- Israeli online marketplace startup Fiverr, led by Latham & Watkins and Israeli firm Meitar, priced a follow-on offering at $120 million to raise money for growth and general business activities.
Fiverr said late Thursday it was selling 2 million shares at $60 each. The company said the deal's underwriters have a 30-day option to purchase 300,000 more shares at the offering price, which would raise an additional $18 million. Shares closed Friday up 7.2% at $65.12.
The company said the offering is expected to close on June 2.
The platform, which connects businesses with freelancers, said it expected the offering could...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!