Posts Tagged ‘Freelancer’

Freelancer.com makes strong debut on stock market

Monday, December 2nd, 2013
Photo credit; Andreas Poike on Flickr

Photo credit; Andreas Poike on Flickr

Australian online freelancing website Freelancer.com made a strong debut on the ASX Nov. 15, surging by as much as 400%.

Freelancer raised about A$17.55 million by selling 35.1 million new shares or only 8.1 percent of the company, capitalising on a revival in the Australian IPO market and strong interest in non-resources stocks.

The stock was offered at A$0.50 per share and traded at A$1.60 by 0243 GMT, valuing the four-year-old Sydney-based company at A$697.6 million.

“On the face, the price is telling us that this float is underpriced,” said CMC Markets strategist Michael McCarthy.

“But because they only sold a small amount of the 436 million shares, that’s not a problem for them. What they’ve essentially done is establish a market value of this company.”

CEO Matt Barrie holds 46% of the tightly held business, a stake worth about A$321 million after Friday’s jump in the share price. Investment fund Startive Capital owns another 39%.

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Australia boasts significant entrepreneurship

Monday, August 19th, 2013

Not only is entrepreneurship alive and well in Australia, it is, in fact, thriving, according to the Global Entrepreneurship Monitor, which ranks Australia second behind only the United States in the world amongst developed nations to those looking to start a new business in general and among women entrepreneurs, also.

Some notable Australian entrepreneurs include:

Nick D’Aloisio – Summly

Summly condenses news articles to make them easier to read on smaller tablets and smartphones.

D’Aloisio created the app at just 15 years of age. Yahoo! purchased it for $30 million.

Matt Barrie – Freelancer

Freelancer is a job board for people seeking freelance work.

Richard Chua – Talent100

Talent100 was created by then-high school student Richard Chua, now 27, to help high school students score well on tests and get into the college of their choice.

You tell the company what score you need to get to be accepted into your desired college, and Talent100 breaks this down into achievable goals. So far, the company has brought in more than 1.5 million dollars.

Amanda Lintott – Career Driven

Career Driven is a recruitment company specializing in the car and automotive sector, including sales. They are hoping to break into motor shows in the years ahead to continue growing their business.

Sarah and Emily Hamilton – Bellabox

Monthly subscriptions to beauty boxes are huge in the United States and are getting big in Australia, too.

Sarah and Emily Hamilton created Bellabox — similar to the U.S.’s Birchbox — back in 2011 and have seen incredible success thus far. They are hoping to turn the company into a worldwide business in the coming years.

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