One week after its initial public offering on Wall Street, Israeli e-commerce protection platform Riskified (NYSE:RSKD) raised an additional $55.1 million, after underwriters exercised their options in full, bringing the amount raised by the company to $418 million. The share price is up 34% since the IPO, which means that insurers were able to pay only $21 per share, while the stock is currently trading at $28.10, giving a market cap of $4.5 billion. RiskFed, founded in 2012 by CEO Ido Gal and CTO Assaf Feldman, has developed an artificial intelligence-based platform, which according to the company allows merchants who sell online to instantly and accurately distinguish between legitimate and fraudulent customers and thus reduce costs and risks. Riskified’s Basic Product Money-Back Guarantee automatically approves or blocks online transactions. RELATED MATERIAL After exercising the underwriter’s options, the stake of the Reskived founders in the company decreased to 9.5% each holding shares of $384 million while Feldman owns shares of $378 million. The largest shareholder in Reskived is Genesis Partners with a 21.5% stake that currently stands at $856 million. Published by Globes, Israel business news – en.globes.co.il – August 4, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021
Risky underwriters exercise $55.1 million in options
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