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Riskified Ltd. Announces Closing of its Initial Public Offering and Fully Exercising Subscribers’ Option to Purchase Additional Shares

NEW YORK, August 03, 2021– (BUSINESS WIRE) – Riskified Ltd. (“Riskified”), a fraud management platform that enables frictionless electronic commerce, announced the closing of its initial public offering of 20,125,000 Class A common shares on 2 August 2021, including the total exercise by subscribers of their option to purchase an additional 2,625,000 shares of Class A common shares, at a price of USD 21.00 per Class A common share. The offering consisted of 19,925,000 Class A common shares offered by Riskified and 200,000 Class A common shares to be sold by one of Riskified’s existing shareholders. Riskified will not receive any profit arising from the sale of the shares by the selling shareholder. Riskified’s gross income, before deducting underwriting fees and discounts and offering expenses, was approximately $ 418 million. Class A common shares began trading on the New York Stock Exchange on July 29, 2021 under the ticker symbol “RSKD.”

Goldman Sachs & Co. LLC, JP Morgan Securities LLC and Credit Suisse Securities (USA) LLC acted as the principal administrators of the proposed offering. Barclays Capital Inc., KeyBanc Capital Markets Inc., Piper Sandler & Co., Truist Securities, Inc. and William Blair & Company, LLC acted as joint administrators of the proposed offering. Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Siebert Williams Shank & Co., LLC and Stern Brothers & Co. acted as co-administrators of the proposed offering.

This offer was made only through a prospectus. You can obtain a copy of the final offer-related prospectus for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the final prospectus relating to this offering may be obtained from Goldman Sachs & Co. LLC, Attn .: Prospectus Department, 200 West Street, New York, New York, 10282; by email at prospectus-ny@ny.email.gs.com or by phone at 866-471-2526. JP Morgan Securities LLC, by mail to Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York, 11717; by email at Prospectus-eq_fi@jpmorgan.com or by phone at 1-866-803-9204. Credit Suisse Securities (USA) LLC, by mail to Attn: Prospectus Department, One Madison Avenue, New York, New York, 10010; by email at newyork.prospectus@credit-suisse.com or by phone at 800-221-1037.

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A registration statement has been filed on Form F-1 in connection with the sale of these securities with the SEC, which has become effective. This press release does not constitute an offer to sell or a solicitation of an offer to purchase these securities; nor will any of these securities be sold in any state or jurisdiction where such offer, solicitation, or sale is illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Riskified

Riskified enables companies to harness the full potential of e-commerce by making it secure, accessible and frictionless. Riskified created a next-generation e-commerce risk management platform that enables online merchants to build trusting relationships with their consumers. By leveraging machine learning that benefits from a global business network, Riskified’s platform identifies the person behind every online interaction; This helps traders, ie Riskified customers, to eliminate risk and uncertainty from their businesses. Riskified drives higher sales and reduces fraud and other operating costs for your merchants. In addition, it strives to provide superior consumer experiences, compared to the performance of its merchants prior to the onboarding of Riskified.

The original text in the source language of this release is the official authorized version. Translations are provided as an adaptation only and must be checked against the text in the source language, which is the only version of the text that will have legal effect.

View the original version at businesswire.com: https://www.businesswire.com/news/home/20210803006157/en/

Contacts

Investor relations:
Chris Mammone, The Blueshirt Group for Riskified
ir@riskified.com

Corporate communications:
Rowena Kelley
press@riskified.com

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