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Company: Global-e
Ticker: $GLBE
Website: Global-e.com
IPO date: May 11, 2021
IPO priced 15 million shares at $25 to raise $375 million before fees
Current stock price: $61.00
52 week high: $83.77 on August 31, 2021
52 week low: $24.22 on May 11, 2021 (the IPO day)
Market cap: $8.8 billion
Enterprise value: $8.4 billion
Headquarters: Petah Tikva, Israel
Number of employees: 290+
Analysts: 86% have a BUY rating
Average price target: $78.56
Investor Relations [click here]
Form F-1 filing for the IPO [click here]
Secondary offering, September 2021 [click here]
Video overview of $GLBE [click here]
2021 Q3 earning report [click here]
2021 Q3 earnings webcast [click here]
Presenting at Raymond James Tech Conference [click here]
Morgan Stanley Tech Conference [click here]
Citi Fintech Conference [click here]
$GLBE announces acquisition of Flow Commerce [click here]
I worked on this $GLBE writeup with Chad, you can find him at @chadbensonw
INTRODUCTION:
Global-E (Ticker: $GLBE) is a fast-growing company that helps merchants with their cross-border e-commerce ambitions on a global scale. The company has a massive opportunity in cross-border e-commerce as evidenced by their early success, a very sticky platform/solution, significant ‘skin in the game’ from insiders, strength and value add from strategic partnerships such as Shopify, and finally because they are already profitable and generating free cash flow.
$GLBE still has some disappointing gross margins but there’s great potential for margin expansion as the platform scales, while adding larger brand-name logos to their list of merchants aka customers.
$GLBE has many of the same characteristics that appealed to me with $DLO however these companies are still in different industries with different business models however the international growth themes are very similar. If you missed my $DLO writeup last week you can read it [here].
