Global-E Online, which provides a platform for cross-border e-commerce, raised $375 million by offering 15 million shares at $25, the high end of the range of $23 to $25. New investor Dragoneer Investment Group had indicated on 2 million shares on the offering.
Global-E Online plans to list on the Nasdaq under the symbol GLBE. Goldman Sachs, Morgan Stanley and Jefferies acted as lead managers on the deal.
Global-E Online believes it has built the world's leading platform to enable global, direct-to-consumer cross-border e-commerce. Its platform allows international shoppers to buy online and for merchants to sell from, and to, anywhere in the world. The company aims to increase the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce. Global-E Online has more than 400 merchants on its platform, which supports local messaging in over 25 languages, purchases in more than 100 currencies by over 150 payment methods, and a multitude of shipping options.
