Similarweb (SMWB) has released an update.
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Similarweb Ltd., a leading digital market intelligence firm, has initiated a secondary public offering of 3.5 million ordinary shares, with an additional option for underwriters to purchase up to 525,000 more shares. The offering is managed by prominent financial institutions including Goldman Sachs & Co. LLC and Barclays, among others. Notably, the proceeds from the sale will go to the selling shareholder, not to Similarweb.
For further insights into SMWB stock, check out TipRanks’ Stock Analysis page.