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Riskified Priced, NYSE: RSKD

Provides e-commerce fraud protection for enterprises.

Industry: Technology

Latest Trade: $18.79 -1.05 (-5.3%)

First Day Return: +23.8%

Return from IPO: -5.5%

Industry: Technology

We have built a next-generation eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. Leveraging machine learning that benefits from a global merchant network, our platform identifies the individual behind each online interaction, helping merchants -- our customers -- eliminate risk and uncertainty from their business. We drive higher sales and reduce fraud and other operating costs for our merchants and strive to provide superior consumer experiences, as compared to our merchants' performance prior to onboarding us. We believe legacy fraud platforms and rules-based, in-house solutions are frequently slow, inaccurate, expensive, and inflexible. They can often produce the wrong decision -- by rejecting good transactions or accepting fraudulent ones -- which causes merchants to either lose revenue or incur unnecessary expenses in the form of chargebacks and other fees. We believe the slow manual processes that some legacy fraud platforms depend on can also produce poor shopping experiences, and their outdated infrastructure may prevent merchants from adapting to fast-changing consumer preferences and fraud techniques.
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IPO News for Riskified
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IPO Data
IPO File Date 07/01/2021
Offer Price $21.00
Price Range $18.00 - $20.00
Offer Shares (mm) 17.5
Deal Size ($mm) $368
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/28/2021
Offer Price $21.00
Price Range $18.00 - $20.00
Offer Shares (mm) 17.5
Deal Size ($mm) $368
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Tel Aviv, Israel
Founded 2012
Employees 615
Website www.riskified.com