Riskified IPO: How to buy the anti-fraud firm's stock?

2 min read | July 29, 2021 09:01 AM EDT | By Raza Naqvi

Riskified IPO: How to buy the anti-fraud firm's stock? — Image source: aminphotoz, Shutterstock.com

Riskified IPO details

Initially, the anti-fraud firm had reportedly priced its shares at US$ 18 per piece for the initial public offering (IPO). Ahead of its IPO, however, Riskified increased the price to US$ 20 per share.

Riskified aims to raise US$ 402.5 million as gross proceeds and sell 17.5 million shares at its IPO.

According to reports, Assaf Feldman, CTO and co-founder of Riskified, plans to sell 200,000 of his shares for US$ 4.2 million. After the IPO, Mr Feldman's stake would be worth US$ 283 million, and CEO Eido Gal will reportedly hold shares worth US$ 278 million.

Riskified's stock symbol would be 'RSKD' and the shares will start trading on the New York Stock Exchange (NYSE).

Investors interested to book Riskified's pre-IPO shares could explore their options on online trading platforms.

Key highlights of Riskified's financials and business operations

According to Riskified’s IPO prospectus filed with the Securities and Exchange Commission, the firm recorded a revenue of US$ 170 million in 2020. The compound annual growth rate (CAGR) of revenue was 50 per cent between 2018 to 2020, as per the filing.

For the period ended December 31, 2020, the value of the company’s cash and cash equivalents was US$ 103.6 million, representing a year-over-year (YoY) increase of approximately US$ 33.9 million.

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