 SAN FRANCISCO, Aug. 05, 2021 GLOBE NEWSWIRE -- Upwork Inc. Upwork Nasdaq: UPWK today announced that it proposes to offer 500 million aggregate principal amount of convertible senior notes due 2026 the notes, subject to market conditions and other factors. The notes are to be offered and sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended the Securities Act. Upwork also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period from, and including the date on which the notes are first issued, up to an additional 75.0 million aggregate principal amount of notes. 