PRDSY - Online fraud prevention Riskified targeting more than $3B valuation in IPO

marchmeena29/iStock via Getty Images Online fraud prevention firm Riskified (RSKD) plans to sell 17.5M shares in an IPO that would raise about $333M at the midpoint of its estimated range. Riskified plans to sell the shares for $18-$20/shares, according to an F-1 filing. The company plans to list its shares on the NYSE under the ticker "RSKD." Riskified, based in Tel Aviv, was started by CEO Eido Gal and Assaf Feldman in 2013 to solve online payment fraud, according to a filing earlier this month. Some of Riskified's biggest investors include General Atlantic and Fidelity Management. Bloomberg reported in early May that Riskified was exploring a potential IPO. Riskified announced in November 2019 a Series E funding round of $165M, led by investor General Atlantic, at a valuation of more than $1B. Riskified's customers include Wish, Wayfair (W), Prada (PRDSY), Ticketmaster, Finish Line and others, according to the company's website. Riskified's competitors include startup Forter,

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Online fraud prevention Riskified targeting more than $3B valuation in IPO