Airtasker co-founder and chief executive Tim Fung
Airtasker is gearing up to list on the Australian Stock Exchange later this month, following a nine-year journey that’s seen it grow from a living room floor to multimillion-dollar revenues and international growth.
The business filed its prospectus with the Australian Securities and Exchange Commission on Monday, 8 February, and is expected to list on February 22, under the ticker ART.
Airtasker is seeking to raise $83.7 million through the float.
The offer price for the listing will be $0.66 per share, giving the business an enterprise value of $226.9 million.
In a letter to potential investors, co-founder and chief Tim Fung said more than $1 billion has been paid to gig economy workers through the Airtasker platform since it was founded in 2012.