The last minute increase to the the IPO price is not surprising from Upwork considering that this platform is already well known for squeezing every drop of blood it can out of its freelancers…why not do the same to investors on the eve of the IPO.
As a disclaimer I was originally planning on buying some shares at the $10-12 range, even considered at the last minute range of $12-14, but with this most recent move of the company to price at $15 a share, my gut instinct tells me that Upwork is overpricing its IPO just like it overcharges its freelancers…I’m out.
