September 15, 2021
Latham & Watkins advised Global-e
Online Ltd. (Global-e), the world's leading platform to enable and accelerate
global, direct-to-consumer cross-border e-commerce, on the pricing of its
underwritten secondary offering by certain of its shareholders (the Selling
Shareholders) of 12,000,000 of Global-e’s ordinary shares at a price to the
public of US$64.00 per share (the Offering).
In addition, the Selling Shareholders have
granted the underwriters a 30-day option to purchase up to an additional
1,800,000 ordinary shares at the public offering price, less underwriting
discounts. The Selling Shareholders will receive all of the proceeds from the
Offering. Global-e is not selling any of its ordinary shares in the Offering
and will not receive any proceeds from the Offering, including from any
exercise by the underwriters of their option to purchase additional ordinary
Goldman Sachs & Co. LLC, Morgan Stanley
& Co. LLC, Jefferies LLC and BofA Securities are serving as lead
book-running managers for the Offering.
Latham’s corporate deal team was led by
London partner Josh Kiernan and New York partner Nathan Ajiashvili, with
associates Sal Vanchieri, Nicholas Reist, and Paul Lau.