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Global-e Prices Initial Public Offering at $25 per Share

05/12/2021 03:43

07:43 AM EDT, 05/12/2021 (MT Newswires) -- Global-e Online, an Israel-based direct-to-consumer cross-border e-commerce platform, said Wednesday it priced its initial public offering of 15 million of its ordinary shares at a price of $25 per share.

The offering is expected to close on May 14. The shares are expected to begin trading on the Nasdaq Global Select Market on May 12 under the ticker symbol "GLBE."

The company has granted the underwriters a 30-day option to purchase up to 2,250,000 additional ordinary shares at the initial public offering price.