EPWK Holdings Ltd.

General Information
Business:

We are the parent of a Chinese crowdsourcing platform. (Incorporated in the Cayman Islands) 

We are the second-largest online marketplace in China. Our platform, operated through EPWK VIE, is one of only two comprehensive crowdsourcing platforms in China. The other one is operated by Zhubajie. 

Our marketplace platform was launched in 2011. We have achieved significant growth ever since our inception. Our platform users consist of buyers who seek talent for their jobs and sellers who offer different talents and skills. We currently have over 25.27 million registered users and offer an expansive catalog to provide diversified services to businesses of all sizes. Our daily inquiries well exceed 10,000 from logo design to business name selection to software development.

Our buyers range from micro-sized and small businesses to medium-sized businesses from various industries. 

Our sellers include student artists, professional designers, part-time freelancers and micro, small, and medium-sized businesses with different talents, skills and services to offer. 

As of Dec. 31, 2023, we had 8.59 million accumulated registered buyers and 16.68 million accumulated registered sellers, covering all 34 provinces of China. Specifically, in 2023, we enabled approximately US$349 million of GMV across nearly 1 million projects (0.986 million projects). In 2022, we enabled approximately US$333 million of GMV across 0.91 million projects.

Through our website and mobile apps, buyers can post their jobs for free, connect easily with talented people, and get a broad range of services executed quickly and efficiently.

**Note: Net loss and revenue are for the 12 months that ended Dec. 31, 2023.

(Note: EPWK Holdings Ltd. disclosed the terms for its small IPO in an F-1/A filing dated July 9, 2024: The company is offering 1.47 million Class A ordinary shares (1,466,667 ordinary shares) at a price range of $7.00 to $8.00 to raise $11.0 million. Background: EPWK Holdings Ltd. filed its F-1 on Feb. 9, 2023, without disclosing terms for its IPO.)

 

Industry: Services - Business Services - Crowdsourcing platform - for businesses and service providers
Employees: 291
Founded: 2011
Contact Information
Address Building #2, District A, No. 359 Chengyi Rd., The third phase of Xiamen Software Park Xiamen City, Fujian Province The People’s Republic of China, 361021
Phone Number +86 400-6999467
Web Address http://www.epwk.com/
View Prospectus: EPWK Holdings Ltd.
Financial Information
Market Cap $128.01mil
Revenues $18.29 mil (last 12 months)
Net Income $-0.39 mil (last 12 months)
IPO Profile
Symbol EPWK
Exchange NASDAQ
Shares (millions): 1.5
Price range $7.00 - $8.00
Est. $ Volume $11.0 mil
Manager / Joint Managers Revere Securities
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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