Israel's Fiverr Hires Citigroup, JPMorgan for U.S. IPO
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Fiverr International Ltd., an Israeli startup offering an online marketplace for freelance services, hired Citigroup Inc. and JPMorgan Chase & Co. to manage an initial public offering in New York, according to people familiar with the matter.
The Tel Aviv-based company could be valued at roughly $800 million, the people said, asking not to be identified because the talks are private. Fiverr may sell the shares in the second half of the year, one of the people said. No final decisions have been made, and both the timing and the valuation may be amended, the people said.