This year, online jobs portal Freelancer.com said it would be planning an initial public offering in Australia. This was after several attempts from different companies to buy the online site. This would include an approach from Japanese recruitment firm Recruit Holdings Co. which proposed USD400 million for the online site, said a Reuters report.

Freelancer would launch a local IPO and listing that would help boost Australia's fast growing tech sector. Freelancer would be listed on the NASDAQ where another software company, Atlassian, had been expected to list.

Freelancer chief executive Matt Barrie told Reuters, "We think the Australian stock market is a great market to go to... Tech companies, in my opinion, are trading at a premium to the U.S."

Matt Barrie owned 50% of Freelancer according to Reuters while investment fund Startive Capital owned 42% of the company. Unnamed investors held the remaining ownership in the firm.

Barrie declined to give a statement regarding a possible valuation for the IPO and the individual approaches.