Afternoon Coffee: Fiverr Sets Terms for U.S. IPO; U.S., Mexico in Tariff Talks

The U.S. and Mexico are seemingly trying their best to come to terms on immigration.

“Representatives from the two countries are set to meet again today after talks in Washington on Wednesday that Mexican officials said left them optimistic,” according to the WSJ. “President Trump also said progress was made, but added the advances weren’t enough to cancel his threat to launch a series of escalating new tariffs on Mexican goods starting Monday,” the Journal’s Logistics newsletter reports.

Fiverr plans $100 million IPO

“Fiverr International, an online marketplace to hire and manage remote freelancers, announced terms for its IPO on Monday,” according to a Renaissance Capital statement.

“The Tel Aviv, Israel-based company plans to raise $100 million by offering 5.3 million shares at a price range of $18 to $20,” the statement noted. “At the midpoint of the proposed range, Fiverr International would command a fully diluted market value of $635 million.”

The company “plans to list on the NYSE under the symbol FVRR and…is expected to price during the week of June 10, 2019,” according to the statement.

Read deeper insight on the Fiverr IPO in this Spend Matters PRO brief published today (full article subscription-only).

First look at Amazon’s new delivery drone

TechCrunch gives readers a detailed look at the drone — fully electric, hexagonal hybrid design — that the e-commerce giant says will begin making deliveries “within the next few months,” according to the article.

“It remains to be seen where the new drone will make its first deliveries,” the article states. “That will happen within the next few months, though...The U.S. seems like an unlikely candidate, given that the regulations there are still in flux, but maybe that’s a problem that will be solved by then, too.

“Either way, what once looked like a bit of a Black Friday stunt may just land in your backyard sooner than you think,” the article concludes.

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