Why Fiverr Is a Recent IPO Worth Buying
Investing in an IPO involves risks, but Fiverr (NYSE: FVRR), which made its market debut in June, is proving to be worth it.
The company provides a software platform where companies can contract with independent workers for freelance jobs called gigs. It reported another successful quarter in November after posting year-over-year revenue growth of 42%. This performance followed equally impressive second-quarter revenue growth of 41%.
Yet the stock's performance has not been as impressive. After climbing to a high of over $40 per share soon after its IPO, shares have steadily shed their gains and currently hover near the initial offering price of $21 as of this writing. Is now a good time to invest in Fiverr? Let's look at why it makes sense to take the plunge.
Source Fool.com
