Extra Crunch Tuesday: Global-e files to go public as e-commerce startups enjoy a renaissance

Welcome to Extra Crunch Tuesday

Global-e supports online retailers with localized payment options, shipping, returns support and other features that “make selling around the world a bit easier,” reports Alex Wilhelm.

The company filed its F-1 today, so Alex pored over its numbers to better understand “a company that represents a bucket of private cash going public during a period of intensive flotation activity.”

Unlike many startups heading into the public markets, Global-e is already profitable. And like many e-commerce players, the pandemic era has sparked rapid growth, with the company’s gross merchandise volume rising from $211 million in 2018 to $774 million last year.

“So Global-e is going public with few caveats and some obvious strengths,” says Alex. “Let’s see how investors react.”

Thanks very much for reading Extra Crunch. Have a great week!

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

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