Riskified Raises $363M Via IPO At $21 Per Share, Trading Begins Today

Fraud management platform Riskified Ltd (NYSE:RSKD) priced 17.5 million shares at $21 per share in its initial public offering.
Riskified offered 17.3 million shares, and one of its existing shareholders sold 0.2 million shares.
The company had expected to price the IPO at $18 to $20 per share.
The estimated gross proceeds are $363.3 million. It will not receive any proceeds from the share sale by the selling shareholder.
The underwriters will have a 30-day option to purchase additional shares up to 2.6 million.
Riskified's shares are likely to begin trading on the NYSE under the ticker symbol "RSKD" today.