Gig-work Platform EPWK Tests Investment Crowds With Upsized IPO Plan

Quick Summary:

Key Takeaways: EPWK, which helps small and medium-sized companies find gig workers, has raised its IPO fundraising target by about a third from its original plan in February 2023

While demand for crowdsourcing platform services has recovered from a pandemic downturn, China’s slowing economy has eroded the company’s margins By Edith Terry

When EPWK Holdings Inc. (NASDAQ: EPWK) first filed for a New York IPO in February last year, it was part of a flurry of smaller Chinese companies making such applications after China’s securities regulator clarified they could proceed.

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Article Details

Author / Journalist: The Bamboo Works

Category: InvestingBusiness

Markets: United StatesChina

Topics: UPWK Benzinga Small Cap General Markets EPWK Asia IPOs Contributors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 10:24:35 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1200 words

Reading Time: 7 minutes read

Sentences: 42 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23348006

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Official Website: benzinga.com

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Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

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Publisher ID: #54

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