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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. ....
Why Tim Fung thinks the timeâs right for Airtaskerâs float Save Share Airtasker CEO Tim Fung says the business has been IPO-ready since May last year, but he believes now is the right time to list, as the platform is poised to help Australians earn a living during the economic fallout from COVID-19. The jobs outsourcing platform filed its prospectus to list on the ASX on Monday, anticipating to go public on March 22, with a market capitalisation of $255.4 million, after raising $83.7 million. Airtasker CEO Tim Fung co-founded the company in 2012 after enlisting a friend to help him move house â now the company is poised to list. ....