Riskified, which provides e-commerce fraud protection for enterprises, raised $368 million by offering 17.5 million shares (1% secondary) at $21, above the range of $18 to $20.
Riskified states that it has built a next-generation e-commerce risk management platform that allows online merchants to create trusted relationships with their consumers. The company focuses on enterprise merchants, and its customers include Wish, Macy's, Wayfair, and Booking.com.
The Tel Aviv, Israel-based company plans to list on the NYSE under the symbol RSKD. Goldman Sachs, J.P. Morgan, Credit Suisse, Barclays, KeyBanc Capital Markets, Piper Sandler, Truist Securities, and William Blair acted as joint bookrunners on the deal.
