×
30 141
Fashion Jobs
Published
May 4, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Global-e launches NASDAQ IPO as cross-border e-commerce booms

Published
May 4, 2021

Global-e, the cross-border e-commerce specialist, has launched its initial public offering that will see it listing on NASDAQ in the US.


Cross-border e-commerce is growing fast - Photo: Public domain/Pexels



The company, whose platform is the market leader in enabling and accelerating direct-to-consumer e-commerce across borders, has offered 15 million of its ordinary shares in the IPO. And it expects to grant the underwriters a 30-day option to purchase up to an additional 2.25 million ordinary shares at the IPO price, less underwriting discounts and commissions.

The IPO offering price is expected to be between $23 and $25 per share and the shares will be listed under the ticker symbol GLBE.

It’s a good time for the firm to list given what has happened in the past year. E-commerce has accelerated globally (with a United Nations report only last week saying it now makes up almost a fifth of all retail sales worldwide).

Importantly, with global tourism still suppressed by the ongoing fight against the coronavirus, cross-border e-tail has become ever more important as many consumers remain able to travel. 

Eight-year-old Global-e works with over 440 global brands and retailers across the US, Europe and Asia, with the aim of making selling internationally as simple as selling domestically.

Copyright © 2021 FashionNetwork.com All rights reserved.