Shopify confirms significant investment in payment processor Stripe [Globe and Mail, The (Toronto, Canada)]
Global-E Online Ltd. - ordinary shares (GLBE)
Company Research
Source: Globe and Mail, The
The Ottawa-based commerce software giant on Monday confirmed it has invested more than US$350-million in Stripe – its exclusive provider of payments processing services – over a series of investments. The investment was first reported Monday by the Wall Street Journal, citing unnamed sources. Payments has been a key driver of Shopify's success as it has grown into Canada's most valuable company, providing a platform for more than 1.7 million merchants globally to power their digital stores and manage their operations. The partnership has been a lucrative one for both companies, except in one notable respect for Shopify: the company missed out on the chance to invest in Stripe early on and gain a significant return on investment as it ascended in value. The U.S. company reached a valuation of US$95-billion during a fundraising round in March. Shopify for years has taken pride in the value created by partners that provide services to its merchant customers, noting last year for e
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GLBE
News
- What Is Global-E Online Ltd.'s (NASDAQ:GLBE) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- Global-E Online Ltd. (NASDAQ: GLBE) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $48.00 price target on the stock.MarketBeat
- Global-e Online Ltd. (NASDAQ: GLBE) had its "overweight" rating re-affirmed by analysts at Wells Fargo & Company. They now have a $40.00 price target on the stock.MarketBeat
- Global-e Announces Filing of Form 20-F for the Fiscal Year Ended December 31, 2023GlobeNewswire
- Global-e Online: Cross-Border E-Commerce Growth To Sustain Demand [Seeking Alpha]Seeking Alpha
GLBE
Earnings
- 2/21/24 - In-Line
GLBE
Sec Filings
- 4/8/24 - Form 144
- 4/3/24 - Form 144
- 4/2/24 - Form 144
- GLBE's page on the SEC website