Global-e Announces Pricing of Initial Public Offering
May 12 2021 - 7:00AM
Global-e Online Ltd. ("Global-e"), the world's leading platform to
enable and accelerate global, direct-to-consumer cross-border
e-commerce, today announced the pricing of its initial public
offering of 15,000,000 of its ordinary shares at a price of $25 per
share.
Global-e has granted the underwriters a 30-day option to
purchase up to 2,250,000 additional ordinary shares at the initial
public offering price, less underwriting discounts and commissions.
The shares are expected to begin trading on the Nasdaq Global
Select Market on May 12, 2021 under the ticker symbol “GLBE,” and
the offering is expected to close on May 14, 2021, subject to
customary closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC and
Jefferies LLC are serving as lead book-running managers for the
offering. Piper Sandler & Co., JMP Securities LLC, KeyBanc
Capital Markets Inc. and Raymond James & Associates,
Inc. are serving as co-managers for the offering.
The offering is being made only by means of a prospectus. A copy
of the final prospectus relating to the offering may be obtained,
when available, from:
- Goldman Sachs &
Co. LLC, 200 West Street, New York, New York 10282, Attn:
Prospectus Department, via telephone: 1-866-471-2526 or via email
at prospectus-ny@gs.com
- Morgan Stanley &
Co. LLC, 180 Varick Street, 2nd Floor, New York, New
York 10014, Attn: Prospectus Department
- Jefferies LLC,
Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, New York, NY 10022; by phone at (877) 821-7388;
or by e-mail at Prospectus_Department@Jefferies.com
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on May
11, 2021. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Global-eGlobal-e is the world's
leading platform to enable and accelerate global,
direct-to-consumer cross-border e-commerce. The chosen partner of
more than 440 global brands and retailers across the United
States, Europe and Asia, Global-e makes selling
internationally as simple as selling domestically. Founded in 2013
by Amir Schlachet, Shahar Tamari and Nir Debbi, the
company enables e-commerce retailers to increase the conversion of
international traffic into sales by offering online shoppers in
over 200 destinations worldwide a seamless, localized shopping
experience. Global-e's end-to-end e-commerce solutions combine
best-in-class localization capabilities, big-data best-practice
business intelligence models, streamlined international logistics
and vast cross-border experience, enabling international shoppers
to buy seamlessly online and retailers to sell from, and to,
anywhere in the world.
Press Contact:Headline MediaGarrett Krivicich
Globale@headline.media +1 786-233-7684
Investor Contact:Erica Mannion or Mike
FunariSapphire Investor Relations, LLCIR@global-e.com+1
617-542-6180
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