<SEC-DOCUMENT>0001193125-18-288561.txt : 20181001
<SEC-HEADER>0001193125-18-288561.hdr.sgml : 20181001
<ACCEPTANCE-DATETIME>20181001072804
ACCESSION NUMBER:		0001193125-18-288561
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20181001
DATE AS OF CHANGE:		20181001

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Upwork Inc.
		CENTRAL INDEX KEY:			0001627475
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				464337682
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-227207
		FILM NUMBER:		181095883

	BUSINESS ADDRESS:	
		STREET 1:		441 LOGUE AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043
		BUSINESS PHONE:		650-316-7500

	MAIL ADDRESS:	
		STREET 1:		441 LOGUE AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Elance-oDesk, Inc.
		DATE OF NAME CHANGE:	20141209

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Upwork Inc.
		CENTRAL INDEX KEY:			0001627475
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				464337682
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		441 LOGUE AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043
		BUSINESS PHONE:		650-316-7500

	MAIL ADDRESS:	
		STREET 1:		441 LOGUE AVENUE
		CITY:			MOUNTAIN VIEW
		STATE:			CA
		ZIP:			94043

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Elance-oDesk, Inc.
		DATE OF NAME CHANGE:	20141209
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Filed Pursuant to Rule 433 of the Securities Act of 1933 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Issuer Free Writing Prospectus dated October&nbsp;1, 2018 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Relating to Preliminary Prospectus dated September&nbsp;21, 2018 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Registration <FONT STYLE="white-space:nowrap">No.&nbsp;333-227207</FONT> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g628632g1001161717441.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Upwork Inc. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Update and Supplement to Preliminary Prospectus </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Dated September&nbsp;21, 2018 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This free writing
prospectus relates to the initial public offering of common stock of Upwork Inc. (&#147;Upwork&#148;) and updates and supplements the preliminary prospectus dated September&nbsp;21, 2018 (the &#147;Initial Preliminary Prospectus&#148;) that was
included in Amendment No.&nbsp;1 to the Registration Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> relating to this offering of its common stock. On October&nbsp;1, 2018, Upwork filed Amendment No.&nbsp;2 to the Registration
Statement on Form <FONT STYLE="white-space:nowrap">S-1</FONT> relating to this offering of its common stock (&#147;Amendment No.&nbsp;2&#148;), which Amendment No.&nbsp;2 includes an update to the Initial Preliminary Prospectus (the &#147;Updated
Preliminary Prospectus&#148;). Amendment No.&nbsp;
2, including the Updated Preliminary Prospectus, may be accessed through the following link: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><A HREF="http://www.sec.gov/Archives/edgar/data/1627475/000119312518288470/d575528ds1a.htm">https://www.sec.gov/Archives/edgar/data/1627475/000119312518288470/d575528ds1a.htm
</A> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Updated Preliminary Prospectus reflects (i)&nbsp;an increase in the estimated initial public offering price per share of Upwork&#146;s common
stock from $10.00 to $12.00 per share to $12.00 to $14.00 per share (the &#147;Price Range Increase&#148;), (ii) changes related to the Price Range Increase, (iii)&nbsp;an additional selling stockholder that is selling 28,522 shares of common stock
(assuming no exercise of the underwriters&#146; option to purchase additional shares) and 32,800 shares of common stock (assuming full exercise of the underwriters&#146; option to purchase additional shares), and (iv)&nbsp;certain other updates.
Please refer to the link above to Amendment No.&nbsp;2 for all of the changes to the disclosure in the Updated Preliminary Prospectus. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Upwork has
filed a registration statement (including the Updated Preliminary Prospectus) with the Securities and Exchange Commission (the &#147;SEC&#148;) for the offering to which this communication relates. Before you invest, you should read the Updated
Preliminary Prospectus in that registration statement and other documents Upwork has filed with the SEC for more complete information about Upwork and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at
www.sec.gov. Alternatively, a copy of the Updated Preliminary Prospectus may be obtained from Citigroup Global Markets Inc., Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or
by telephone at <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-800-831-9146;</FONT></FONT></FONT> or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd
Floor, New York, New York 10022, or by telephone at <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">1-877-821-7388,</FONT></FONT></FONT> or by email at Prospectus_Department@Jefferies.com;&nbsp;or
RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281-8098, or by telephone at (877) <FONT STYLE="white-space:nowrap">822-4089</FONT> or by email at equityprospectus@rbccm.com. </B></P>
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