Upwork Looks to Issue an IPO

Many companies in the technology sector are often in position to make substantial profits. Technology firms are always able to get adequate funding and capital from a number of investors. One of the companies in the technology sector that is capitalizing from this trend is Upwork. The company has recently received a considerable amount of funds to list itself on stock exchanges such as the New York Stock Exchange. There have been a couple of other tech companies that have successfully completed this task such as Spotify and Dropbox. Each of these companies has issued an IPO and become a publicly traded company.

Upwork was formed in 2014 after a merger between two other companies. Previously, there were two companies known as Elance and oDesk that started up at the beginning of the 2000’s decade. By 2014, the two companies formed a merger and renamed the new entity as Upwork. Since its inception in 2014, Upwork has made over $200 million in revenues and $1.5 billion in work volume. As a result, it has been able to become the most successful freelance work websites in the world. Today, it has also developed a reputation as being among the most trusted and legitimate work from home sites around as well.

The company provides a website where both companies and freelance professionals can come together to complete projects. For freelance professionals, they can get work from the website by inquiring about different projects. They are assigned to complete a given project on a short term basis. For companies, they are able to easily hire professionals to do tasks for them at a reasonable fee. They can hire freelancers for a number of tasks such as designing and developing websites, writing articles, editing articles, providing bookkeeping services and also providing transcription services. Upwork has established itself as the leading freelance work site due to timely escrow payments between companies and freelancers, reliable feedback and a wide range of jobs and professionals available. With all of these characteristics, Upwork will likely continue to be among the most profitable freelance work platforms in the world.

Find out more about Upwork: https://twitter.com/upwork