SYDNEY, Nov. 14, 2013 /PRNewswire/ -- Freelancer Limited
(Freelancer) shares will begin trading at 12pm AEST today on the Australian Securities
Exchange (ASX) under the ticker FLN.
The General Offer, which closed early due to being
oversubscribed, was an offer of 30 million shares at $0.50 per share. A further 5.1 million shares
were offered and fully subscribed at $0.50 per share to eligible employees under the
Company's Employee Share Plan.
With 436 million shares on issue, at the issue price of
$0.50 per share, the Company will
have a market capitalisation on listing of $218 million.
Freelancer Limited has established the Freelancer Foundation
Shareholder Program which will provide certain benefits to
registered users who are also shareholders in Freelancer Limited
(ASX:FLN).
Freelancer staff, industry leaders and investors will join
Matt Barrie and ASX CEO,
Elmer Funke Kupper, at the ASX today
to ring the bell and celebrate this momentous milestone in the
Company's history.
About Freelancer
Freelancer was founded in 2009, is
listed on the Australian Securities Exchange (ASX: FLN) and is the
world's largest freelancing, outsourced services and crowdsourcing
marketplace by number of users and projects. Freelancer operates a
network of 40 regional websites, making a seamless experience
available in 31 languages and 18 currencies, with 24×7×365
multilingual support available. Freelancer's mission is to help
entrepreneurs globally by connecting entrepreneurs running small
businesses in the developed world with entrepreneurs running
service providers in the developing world.
SOURCE Freelancer