Deutsche Post is in line for an exit from the cross-border e-commerce platform through a prospective $100m initial public offering about a year after investing.
Germany-based e-commerce services provider Global-E Online has filed to raise up to $100m in a US initial public offering that would enable postal service Deutsche Post to exit.
Global-E’s online platform allows local merchants to sell goods to customers internationally without friction, using tools that convert prices and information into local languages in addition to payment options that suit the market of the buyer.
The company converted a $7.5m net loss in 2019 into a $7.9m net profit last…
