Fiverr Launches Follow-On Offering
27 May 2020 - 6:34AM
Business Wire
Fiverr International Ltd. (NYSE: FVRR) (“Fiverr”) announced
today the commencement of an underwritten public offering of
$100,000,000 of ordinary shares pursuant to a registration
statement on Form F-1 filed with the Securities and Exchange
Commission. Fiverr also intends to grant the underwriters a 30-day
option to purchase up to an additional 15% of the ordinary shares
sold in the offering at the public offering price, less
underwriting commissions.
J.P. Morgan Securities LLC is acting as lead book-running
manager for the proposed offering of ordinary shares. BofA
Securities, Citigroup Global Markets Inc. and UBS Securities LLC
are also acting as book-running managers for the proposed
offering.
The proposed offering of ordinary shares will be made only by
means of a prospectus. A copy of the preliminary prospectus may be
obtained from:
- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, via telephone:
1-866-803-9204 or via email prospectus-eq_fi@jpmchase.com;
- BofA Securities, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001, Attn: Prospectus Department or via
email dg.prospectus_requests@bofa.com;
- Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, via
telephone: 1-800-831-9146 or via email prospectus@citi.com; or
- UBS Securities LLC, 1285 Avenue of the Americas, New York, NY
10019, Attn: Prospectus Department, via telephone at 1-888-827-7275
or via email ol-prospectus-request@ubs.com.
A registration statement relating to the offering of ordinary
shares has been filed with the Securities and Exchange Commission
but has not yet become effective. The ordinary shares may not be
sold, nor may offers to buy be accepted, prior to the time the
registration statement becomes effective. This press release is
neither an offer to sell nor a solicitation of an offer to buy any
securities, nor shall it constitute an offer, solicitation or sale
of any securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or
jurisdiction.
About Fiverr
Fiverr's mission is to change how the world works together. The
Fiverr platform connects businesses of all sizes with skilled
freelancers offering digital services in more than 300 categories,
across 8 verticals including graphic design, digital marketing,
programming, video and animation. In the twelve months ended March
31, 2020, 2.5 million customers bought a wide range of services
from freelancers across more than 160 countries.
Forward Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to the proposed offering. All
statements contained in this release that do not relate to matters
of historical fact should be considered forward-looking statements,
including, without limitation, statements that include the words
“expect,” “intend,” “plan,” “believe,” “project,” “forecast,”
“estimate,” “may,” “should,” “anticipate” and similar statements of
a future or forward-looking nature. These forward-looking
statements are based on management’s current expectations. These
statements are neither promises nor guarantees, but involve known
and unknown risks, uncertainties and other important factors that
may cause actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements, including factors discussed under the caption “Risk
Factors” in our annual report on Form 20-F filed with the U.S.
Securities and Exchange Commission (“SEC”) on March 31, 2020 as
such factors may be updated from time to time in our other filings
with the SEC, including the registration statement relating to the
offering, which are accessible on the SEC’s website at www.sec.gov.
In addition, we operate in a very competitive and rapidly changing
environment. New risks emerge from time to time. It is not possible
for our management to predict all risks, nor can we assess the
impact of all factors on our business or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements that we may make. In light of these risks, uncertainties
and assumptions, the forward-looking events and circumstances
discussed in this release are inherently uncertain and may not
occur, and actual results could differ materially and adversely
from those anticipated or implied in the forward-looking
statements. Accordingly, you should not rely upon forward-looking
statements as predictions of future events. In addition, the
forward-looking statements made in this release relate only to
events or information as of the date on which the statements are
made in this release. Except as required by law, we undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200526005837/en/
Investor Relations: Jinjin
Qian investors@fiverr.com
Press: Siobhan Aalders
press@fiverr.com
Fiverr (NYSE:FVRR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fiverr (NYSE:FVRR)
Historical Stock Chart
From Sep 2023 to Sep 2024