Global-e Online (GLBE) IPO Opens Modestly Lower

Today's IPO for Global-e Online Ltd. (NASDAQ: GLBE) opened for trading at $24.25 after pricing 15,000,000 of its ordinary shares at a price of $25 per share.

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.

Global-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.

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