Fiverr worth over $8b, Kolber reduces stake
Jonathan Kolber has reduced his stake in the Israeli freelance services platform from 12.7% to 8.5%.
Jonathan Kolber has been taking advantage of the rising price of Fiverr (NYSE: FVRR) by selling some of his shares in the Israeli freelance services platform, according to filings with the US Securities and Exchange Commission (SEC). At the end of 2020, Kolber held 2.9 million shares for an 8.5% stake in the company, compared with 4.1 million shares (12.7% of the company) at the end of March 2020, prior to Fiverr s secondary offering.
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During that period, Fiverr s share price moved from a low of $23 in early April to a record $223 at the end of 2020. Since the start of the year, Fiverr s share has continued to rise, closing yesterday up 0.95% on Nasdaq, giving a market cap of $8.154 billion.