FVRR - If You Invested $5000 in Fiverr's 2019 IPO This Is How Much You Would Have Today
If you invested $5,000 in the 2019 initial public offering (IPO) of freelance marketplace Fiverr International (NYSE: FVRR) , you'd have about $5,297 today, even though the company has grown immensely in many key performance metrics over the past four years.
This article will look at Fiverr's journey as a public company so far and offer some explanation for why this might be a stock for watching rather than buying right now, even though it's trading at one of its most reasonable valuations ever.
Fiverr went public at $21 per share, but it ended its first day of trading at almost $40 per share, which is about where the stock trades as of this writing. Even though the company was unprofitable according to generally accepted accounting principles ( GAAP ) at the time, investors were nevertheless excited by the company's high-growth potential.
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If You Invested $5,000 in Fiverr's 2019 IPO, This Is How Much You Would Have Today