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OFFON

GLOBAL-E ONLINE LTD.

(GLBE)
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Global-E Online to Buy Flow Commerce for Up to About $500 Million

11/24/2021 | 09:21am EST

By Michael Dabaie

Global-e Online Ltd. said it would acquire e-commerce software company Flow Commerce Inc. for up to about $500 million in cash and Global-e shares.

The deal is comprised of a base consideration of about $425 million and up to about $75 million in potential additional consideration based on results in 2021, plus about $45 million in Global-e shares for performance-based vesting warrants for Flow shares, Global-e said Wednesday.

The company said it expects Flow to generate about $20 million in net revenues in calendar year 2021. Global-e said it expects the transaction to close during the first quarter 2022.

Cross-border e-commerce platform company Global-e said it expects the deal to allow access to an additional addressable market of small merchants not currently eligible to use Global-e's services.

The acquisition is expected to allow Global-e to expand the scope of its relationship with Shopify Inc. to offer cross-border services to a broader set of merchants on the platform in addition to its current third-party solution catering to established brands, Global-e said. Concurrent with this expanded relationship, Global-e agreed to issue to Shopify a warrant for about $70 million in Global-e shares.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

11-24-21 0921ET

Stocks mentioned in the article
ChangeLast1st jan.
GLOBAL-E ONLINE LTD. 3.41% 67.11 Delayed Quote.0.00%
SHOPIFY INC. -0.01% 1520.29 Delayed Quote.34.33%
All news about GLOBAL-E ONLINE LTD.
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11/24Global-e Online to Acquire Flow Commerce for Up to $500 Million in Cash, Stock; Shares ..
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11/24Global-e Online to Acquire Flow Commerce for Up to $500 Million in Cash & Stock
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11/24Global-E Online to Buy Flow Commerce for Up to About $500 Million
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11/24Global-e to Acquire SMB Cross-Border E-Commerce Provider Flow Commerce
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11/24Global-e Online Ltd. entered into an agreement to acquire Flow Commerce Inc. for approx..
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11/11Morgan Stanley Adjusts Price Target for Global-e Online to $75 From $83, Maintains Over..
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Analyst Recommendations on GLOBAL-E ONLINE LTD.
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Financials (USD)
Sales 2021 240 M - -
Net income 2021 -78,6 M - -
Net cash 2021 475 M - -
P/E ratio 2021 -86,4x
Yield 2021 -
Capitalization 9 774 M 9 774 M -
EV / Sales 2021 38,7x
EV / Sales 2022 25,3x
Nbr of Employees 289
Free-Float 68,9%
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Technical analysis trends GLOBAL-E ONLINE LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 8
Last Close Price 67,11 $
Average target price 77,25 $
Spread / Average Target 15,1%
EPS Revisions
Managers and Directors
Amir Schlachet Chief Executive Officer & Director
Nir Debbi President & Director
Ofer Koren Chief Financial Officer
Eden Zaharoni CTO, Vice President-Research & Development
Shahar Tamari Chief Operating Officer & Director
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