- Global-e Online is a recently IPO'd e-commerce company that enables merchants to conduct cross-border e-commerce on a global scale.
- The company‘s shares started trading at $25 per share back in May after the IPO and shares have gained >100% since then.
- The company reported strong Q3 results with above-industry growth rates which support our bullish thesis.
- At an $8 bn market cap, there could be substantial upside as the company grows alongside the rise of cross-border e-commerce which is said to be a $736 billion opportunity by 2023.
For further details see:
Global-e Online: Powering The Secular Growth Of Global E-Commerce