Global-e Announces Launch of Secondary Offering of Shares
September 07 2021 - 4:35PM
Global-e Online Ltd. (Nasdaq: GLBE) (the “Company” or "Global-e"),
the world's leading platform to enable and accelerate global,
direct-to-consumer cross-border e-commerce, today announced that
certain of its shareholders (the “Selling Shareholders”) intend to
offer for sale in an underwritten secondary offering 12,000,000 of
the Company’s ordinary shares (the “Offering”). In addition, the
Selling Shareholders expect to grant the underwriters a 30-day
option to purchase up to an additional 1,800,000 ordinary shares at
the public offering price, less underwriting discounts. The Selling
Shareholders will receive all of the proceeds from the offering.
Global-e is not selling any of its ordinary shares in the Offering
and will not receive any proceeds from the Offering, including from
any exercise by the underwriters of their option to purchase
additional ordinary shares.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC,
Jefferies LLC and BofA Securities, Inc. are serving as lead
book-running managers for the proposed offering. The proposed
offering will be made only by means of a prospectus. A copy of the
preliminary prospectus relating to the proposed offering may be
obtained from any of the following sources:
- 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;
- BofA Securities, NC1-004-03-43, 200
North College Street, 3rd floor, Charlotte NC 28255-0001, Attn:
Prospectus Department, or via email at
dg.prospectus_requests@bofa.com.
A registration statement on Form F-1 relating to these
securities has been filed with the SEC but has not yet become
effective. These securities may not be sold nor may offers to buy
these securities be accepted prior to the time when the
registration statement becomes effective.
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 520 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
KrivicichGlobale@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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