Thursday, October 17, 2013

Freelancer Float vs. Linkedin

Freelancer Float vs. Linkedin

The founder of outsourced jobs portal Freelancer.com, Matt Barrie, says there are enough tech-savvy investors in Australia who understand why his soon-to-list business will carry a $218 million market capitalisation off forecast calendar 2013 earnings of just $471,000.
“LinkedIn is double [Freelancer’s price-to-earnings multiple], a market cap of $US26 billion off about 900 million current earnings, and locally [accounting software provider] Xero doesn’t even have positive earnings and it’s trading at a huge valuation,” Barrie says, following therelease of the prospectus for next month’s float.

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