KUALA LUMPUR, July 29 -- Riskified Ltd (Riskified), a fraud management platform enabling frictionless eCommerce, has announced the pricing of its initial public offering of 17,500,000 Class A ordinary shares at a public offering price of US$21.00 per Class A ordinary share. (US$1 = RM4.226)
The offering consists of 17,300,000 Class A ordinary shares offered by Riskified and 200,000 Class A ordinary shares to be sold by one of Riskified’s existing shareholders. Riskified will not receive any proceeds from the sale of the shares by the selling shareholder.
The underwriters will have a 30-day option to purchase up to an additional 2,625,000 Class A ordinary shares from Riskified at the initial public offering price, less underwriting discounts and commissions.
Based on a statement, the Class A ordinary shares are expected to begin trading on the New York Stock Exchange on July 29, under the ticker symbol RSKD.
Meanwhile, the closing of the offering is expected to occur on Aug 2, subject to the satisfaction of customary closing conditions.
Goldman Sachs & Co LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as lead book-running managers for the offering.
Riskified empowers businesses to realise the full potential of eCommerce by making it safe, accessible, and frictionless. It has built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers.
-- BERNAMA
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