Recruit-backed graphic design services marketplace 99designs has relocated back to Melbourne to prepare for an initial public offering.
Australia-based graphic design marketplace 99designs is gearing up for an initial public offering on the Australian Stock Exchange that would offer an exit to human resources provider Recruit, according to TechCrunch.
99designs operates an online marketplace where clients can launch a competitive call for graphic design work, selecting a winner from the resulting submissions from freelance designers.
The platform also enables users to work directly with a designer, through a business that makes up about 20% of 99designs’ revenue, and…
