Mountain View, California-based Upwork Inc, a freelance workers’ marketplace, has filed for an IPO. The number of shares the stock will sell as well as its pricing terms have yet to be set. The company plans on trading the stock on the NASDAQ under the ticker symbol “UPWK.” Citigroup Global Markets Inc., Jefferies LLC and RBC Capital Markets LLC are the lead underwriters. Upwork’s backers include T. Rowe Price, Sigma Partners, Benchmark, Globespan Capital Partners, Stripes Group, New Enterprise Associates, FirstMark and Jackson Square Ventures, according to Crunchbase.
Mountain View, Calif. – September 6, 2018 – Upwork Inc., the largest online global marketplace that enables businesses to find and work with highly-skilled freelancers, announced today it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for an initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Upwork intends to list its common stock on The Nasdaq Global Market under the ticker symbol “UPWK.”
Citigroup Global Markets Inc., Jefferies LLC, and RBC Capital Markets, LLC are acting as joint-bookrunning managers for the proposed offering. Stifel, Nicolaus & Company, Incorporated and JMP Securities LLC are acting as co-managers.
The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus, when available, may be obtained from Citigroup Global Markets Inc., Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 1-800-831-9146; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, or by telephone at 1-877-821-7388, or by email at Prospectus_Department@Jefferies.com; or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by telephone at (877) 822-4089 or by email at firstname.lastname@example.org.
A registration statement relating to the proposed sale of these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Upwork is the largest online global marketplace that enables businesses to find and work with highly-skilled freelancers1. Our company’s mission is to create economic opportunities so people have better lives.
Upwork is headquartered in Mountain View, California, with offices in San Francisco and Chicago.