• Riskified provides fraud detection software to online retailers that use it to help curtail fraudulent transactions. The niche of fraud prevention in online retail is one that’s birthed many successful companies, Riskified being one of them.

• In its IPO, Riskified is offering 17.3 million shares at a price point between $18 and $20, implying proceeds of between $315mn-$350mn. Additionally, the company’s co-founder and current CTO Assaf Feldman is selling 200k shares in the offering to get between $3.6mn-$4mn.

• Riskified is targeting a valuation upwards of $3bn from its public offering.

As usual, a company’s IPO filing provides great insight into its business with specific information on its revenues. Let’s have a look at that of Riskified’s.

• Riskified had $170mn in revenue for 2020, compared to $131mn in 2019. In the three months ended March 31, 2021, the company had $51mn in revenue, compared to $33mn in the same period a year before.

• Riskified is not profitable on a net basis, though its losses are quite small compared to its revenue. The company declared a net loss of $11mn in 2020, down from $14mn in 2019.

• Riskified’s revenue stats show solid growth propelled by a solid business. 

• Riskified is one out of several Israeli high-growth startups to have chosen the US as a listing venue. The most recent in that regard was Monday.com, a company providing project collaboration tools for enterprises. 

Riskified intends to list on the New York Stock Exchange with the trading symbol “RSKD”.