Global-E Online Ltd.

Global-E Online Ltd. (GLBE) priced its initial public offering on May 13, 2021 at $25.00 per share, raising $375M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $3.56B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Jefferies and Piper Sandler and others. Meitar and Latham & Watkins advised the company and Skadden, Arps advised the underwriters.

Global-E Online Ltd. operates a platform for direct-to-consumer cross-border e-commerce. It lets international shoppers buy online with a localized experience, and lets merchants sell to customers in other countries by handling much of the complexity of international transactions.

Status

IPO

Ticker

GLBE

Exchange

Nasdaq Global Select

Priced

May 13, 2021

IPO price

$25.00

Raised

$375M

Market cap at IPO price

$3.56B

First filed

Mar 8, 2021

Underwriters

Goldman Sachs, Morgan Stanley, Jefferies, Piper Sandler, Citizens JMP, KeyBanc and Raymond James

Company counsel

Meitar and Latham & Watkins

Underwriters' counsel

Skadden, Arps

Sector

Technology

Country / state

Israel

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.