1 Minute Read(Reuters) – By Reuters Staff On Thursday, Riskified Ltd, an e-commerce risk management platform sponsored by a General Atlantic affiliate and Fidelity Management & Research Co, filed for an IPO in the United States. In its regulatory filing, the business did not indicate the amount of shares it expects to sell or the target price range. Its sales increased by 30% to $169.7 million for the fiscal year ending Dec. 31, 2020, but it lost $11.3 million. Riskified was created in early 2013 by Eido Gal and Assaf Feldman to address concerns connected to online payment fraud, and over the last eight years has developed a machine learning platform that reduces payment risk, according to the filing. The company has filed an application to list its stock on the New York Stock Exchange under the ticker symbol “RSKD.” The primary underwriters are Goldman Sachs, J.P. Morgan, and Credit Suisse. In Bengaluru, Niket Nishant and Sohini Podder reported; Ramakrishnan M. and Arun Koyyur edited./n
Read More
