Freelancer valued at $218m

Company only intends to raise $15 million by going public with founder Matt Barrie and his leadership team holding an 87% stake of the listed entity.

Freelancer.com founder Matt Barrie and his leadership team will maintain almost complete control over the company after IPO, with the firm’s prospectus revealing plans to issue shares for just 6.9 per cent of the company.

The prospectus comes almost a month after Freelancer.com turned down a $400 million deal from Japanese firm Recruit Co. Interestingly; the prospectus values Freelancer.com at $218 million.

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