- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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