Global-e Online rises on $768 mln secondary share offering

Global-E Online

10/09/2021 12:59

** Shares of Global-e Online Ltd  GLBE.O  up 2.08% at $65.84
premarket 
    ** Announces secondary offering of 12 mln ordinary shares by
existing investors, priced at $64 per share  urn:newsml:reuters.com:*:nGNX2LN2c8
    ** Co will not receive any proceeds from sale, which is
expected to be around $768 mln 
    ** Selling stockholders have granted underwriters 30-day
option to purchase additional 1.8 mln shares
    ** Offering is expected to close on Sept. 14
    ** GLBE is Israel-based e-commerce firm
    ** Goldman Sachs, Morgan Stanley, Jefferies and BofA
Securities are lead book-running managers for offering 
    ** Shares have more than doubled since co's market debut in
May 

 (Reporting by Sohini Podder in Bengaluru; Editing by Anil
D'Silva)
 ((sohini.podder@thomsonreuters.com))