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It would seem that the two main incumbents in this market (founded in 2005 and 1998, respectively) are getting nervous about Freelancer.com's (founded in 2009)
by jboy 13y ago
It would seem that the two main incumbents in this market (founded in 2005 and 1998, respectively) are getting nervous about Freelancer.com's (founded in 2009) rapid growth (predicting ~73% in 2013) and recent IPO [1].
[1] http://www.zdnet.com/au/freelancer-more-than-triples-first-day-listing-expectations-7000023244/ http://www.zdnet.com/au/freelancer-more-than-triples-first-d...
- dongsheng 13y agoIt dropped rapidly in the first few days too http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=FLN http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode...
- mattbarrie 13y agoHello Dong I'm the CEO of Freelancer.com (Freelancer Limited ASX:FLN). Our share price dropped rapidly in the first few days because the issue price was 50 cents and it was the biggest opening on the ASX every (so I was told by the exchange). The share price opened at $2.50. A month later we are at $1.40, almost three times our issue price. I think that's pretty good. You would expect a bit of a pullback from such a strong opening (5x !). Regards Matt