Freelancer.com readying to float

Outsourcing firm rejects $US400 million bid put on the table by Japanese suitor, eyes ASX float by the end of the year.

Freelancer.com has rejected the $US400 million bid put on the table by Japanese suitor Recruit Co, with the company now preparing for a float on the Australian stock exchange by the end of the year.

According to Freelancer’s founder Matt Barrie, the company, which serves as an online marketplace for freelance work, will use the float to become “Australia's first big consumer internet company”.

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