We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : UPWK - UpWork
UPWK 40.30+0.4%3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Glenn Petersen10/2/2018 11:36:25 PM
  Read Replies (1) of 16
Upwork prices IPO at $15 a share

By Jeremy C. Owens
Published: Oct 2, 2018 7:13 p.m. ET

Upwork Inc. UPWK, +0.00% priced its initial public offering at a higher price than expected Tuesday evening, and will raise at least $187 million. The software company, which focuses on freelance workers, said it would sell about 12.48 million shares at $15 apiece, after previously aiming for a price range of $12 to $14. Upwork will raise at least $187.1 million at a valuation topping $1.5 billion at that price, though the shares provided in the sale are split between the company and early investors, so the proceeds will be as well. Underwriters, led by Citigroup, have access to almost 1.9 million additional shares in case of overallotment. Upwork shares are expected to begin trading Wednesday morning on the Nasdaq under the ticker symbol UPWK.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext