General Atlantic-backed Riskified valued at $4.3 bln in NYSE debut – Reuters

General Atlantic-backed Riskified valued at $4.3 bln in NYSE debut – Reuters

(Reuters) - Riskified Ltd, an online risk management platform backed by an affiliate of growth equity investor General Atlantic, notched a valuation of $4.3 billion after its shares jumped more than 28% in their stock market debut on Thursday.

Shares opened at $27, compared to Riskified's initial public offering (IPO) price of $21 per share that helped raise $367.5 million.

The company, founded by Eido Gal and Assaf Feldman in 2013 to solve online payment fraud, sold 17.5 million shares in the IPO, of which existing shareholders offered about 200,000 shares.