Global-E Online Announces 12M Share Offering By Selling Shareholders

by Shivani Kumaresan, Benzinga Staff Writer

September 8, 2021 6:51 AM | 1 min read | Make a Comment

Global-E Online Ltd GLBE announced that certain shareholders intend to sell 12 million of its ordinary shares through a secondary offering.
The selling shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 1.8 million ordinary shares at the public offering price.
Global-e is not selling any shares in the offering and will not receive any proceeds.
Goldman Sachs & Co LLC, Morgan Stanley & Co LLC, Jefferies LLC, and BofA Securities Inc will serve as lead book-running managers for the proposed offering.
Price Action: GLBE shares closed lower by 6.75% at $74.28 on Tuesday.

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