Similarweb Prices Public Offering


Similarweb, a Tel Aviv, Israel-based digital world measurement company, announced the pricing of its initial public offering of an aggregate of 8,000,000 ordinary shares at a price to the public of $22.00 per share.

The company is offering 7,500,000 ordinary shares and the selling shareholder named in the prospectus is offering 500,000 ordinary shares.  In addition, Similarweb has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 ordinary shares at the initial public offering price, less underwriting discounts and commissions.

The shares have begun trading on the New York Stock Exchange on Wednesday, May 12, 2021, under the ticker symbol “SMWB.” The offering is expected to close on May 14, 2021, subject to customary closing conditions.

Led by Or Offer, CEO, Similarweb provides a platform for digital intelligence, delivering a comprehensive and detailed view of the digital world that empowers customers to be competitive in their markets. The proprietary technology analyzes billions of digital interactions and transactions every day, covering millions of websites and apps, and turns these digital signals into actionable insights. With the platform, everyone from business leaders, strategy teams, analysts, marketers, category managers, salespeople and investors can discover the best business opportunities, identify potential competitive threats and make critical decisions to capture market share and grow revenues.

The company has a team of 650 people with offices in 6 continents.