Global-e, an e-commerce platform that helps online sellers reach global consumers, filed to go public this morning. The company’s F-1 filing is here, if you’d like to read along.
While Global-e is not a United States-based company — it also has offices in the UK and Israel, among other countries — its recent growth underscores that the e-commerce boom we’ve seen domestically is hardly unique. Indeed, Global-e’s growth has been rapid and impressive.The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.
Hell, the company is profitable while scaling, a rare sight among recent technology IPOs. We care about the Global-e IPO because it’s a venture-backed former startup. Reading its filing, we can see that Red Dot Capital Partners has a material stake. Logistics giant DHL also put money into the company, along with money managed by Apax Partners and Vitruvian Partners, both private equity players. Regardless, here’s a company that represents a bucket of private cash going public during a period of intensive flotation activity. Let’s get acquainted with what it does, dig into its numbers and add it to our IPO list. Recall that Roblox is expected to begin trading tomorrow and Coupan on Thursday, after pricing Wednesday. Olo will price and trade next week. Coinbase is somewhere in the wings ahead of its own direct listing. And there are others: It’s going to be a regular IPO run for the next few weeks, not counting the other filings that will surely drop. So let’s get our heads around Global-e. Into the tables!