Anti-fraud RegTech company Riskified files for its IPO

Fraud management platform Riskified has filed for its IPO on the New York Stock Exchange.

The company will list under the ticker RSKD, but the price of the shares has not yet been decided.

Goldman Sachs, Morgan Securities and Credit Suisse Securities are acting as the lead book-running managers for the offering. Additionally, Barclays Capital, KeyBanc Capital Markets, Piper Sandler & Co, Truist Securities and William Blair & Company are joint book-running managers for the proposed offering.

Riskified has built an e-commerce risk management platform that help merchants establish trusted relationships with their customers. Powered by machine learning and a global merchant network, the platform identifies individuals behind online interactions, helping reduce risk and uncertainty.

The company became a unicorn in 2019, following the close of a $165m Series E funding round. General Atlantic acted as the lead investor, with commitments also coming from Qumra Capital, Pitango Venture Capital and Entrée Capital.

Earlier in the week, SentinelOne increased the price of its shares for its upcoming IPO. The cybersecurity unicorn increased the price from $26 to $29 to between $31 and $32. In its IPO, the company could raise up to $1bn.

Copyright © 2021 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.