According to Bloomberg, Israeli-based freelance website Fiverr International Ltd has picked Citigroup and JPMorgan Chase to underwrite its initial public offering in the U.S..
Fiverr could be valued at roughly $800 million, and sell shares in the second half of the year, although no final decision has been made.
Fiverr’s IPO would break a drought of new U.S. listings by Israel’s technology companies. The industry raised a record amount from American investors in 2014, when Jerusalem-based automotive-technology company Mobileye NV garnered nearly $1 billion from its share sale. The number of U.S. IPOs by Israeli firms has subsided since then as most startups chose to raise large amounts from private investors.
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