Global-E Online Ltd (GLBE) Sector
Information Technology

(Current) $29.52
0.06 (0.2%) Open Price: 29.42

 

Global-E Online Ltd. is an Israel-based technology company that specializes in cross-border e-commerce. The company was founded in 2013 by Shahar Tamari, Nir Debbi, and Amir Schlachet, with the aim of simplifying the process of selling products globally. The company operates a software-as-a-service platform that enables merchants to localize their online stores and provide customers with a seamless checkout experience, regardless of their location.

 

Global-E Online Ltd. has a strong focus on providing a comprehensive range of services to help merchants sell their products globally, including localization, compliance, shipping, and returns. The company's platform supports over 25 languages, more than 150 currencies, and over 100 payment options, enabling merchants to expand their reach to new markets around the world. Global-E Online Ltd. also provides shipping and returns solutions that are tailored to the unique needs of cross-border e-commerce, such as international customs, duties, and taxes.

 

In June 2021, Global-E Online Ltd. went public on the NASDAQ stock exchange, with an initial public offering that raised $375 million. The company's stock debuted at $25 per share and rose to $39.90 on its first day of trading, giving the company a market capitalization of approximately $4.6 billion. The successful IPO was a reflection of the growing demand for cross-border e-commerce solutions, particularly in light of the COVID-19 pandemic, which accelerated the shift to online shopping.

 

As of 2021, Global-E Online Ltd. serves over 440 merchants, including well-known brands such as Nike, H&M, and Marks & Spencer. The company's revenue has grown rapidly in recent years, reaching $147 million in 2020, up from $63 million in 2019. The company has also expanded its workforce, growing from 230 employees in 2019 to over 600 employees in 2021.

 



 

(05/24/24) $29.42
(05/27/24) $29.46
(05/27/24) (Qty.)692,563
(05/24/24) $29.10
(05/24/24) $29.78
(05/12/24) $28.11
(05/19/24) $34.94
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