The top IPOs to watch in May

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axim Manturov, Head of Investment Research at Freedom Finance Europe, advises on his top IPOs to watch

#IPO 1 – SimilarWeb
“Founded in 2007, SimilarWeb, has developed a way to measure and predict customer behaviour in the digital era. The company’s technology gathers information from hundreds of sources and uses them in advanced machine learning algorithms to provide a complete picture of digital activity in real-time which allows companies to analyse customer behaviour and compare it to their competitors.

“SimilarWeb expects to live up to its reputation and intends to raise $160 million by offering 7.5 million ordinary shares, and a selling shareholder will be offering 500,000 ordinary shares. The initial public offering price is expected to be between $19 – $21 per share. That would value the digital data analytics company at more than $1.5 billion at the pricing midpoint.

#IPO 2 – Global-E
“Global-E, which provides brands and retailers with end-to-end localised cross-border e-commerce technology. Global-E is looking to raise $360 million by offering 15 million shares at a price range of $23 – $25.

“Global-E was founded in 2013. The platform allows communication with buyers in 25 languages and purchases in more than 100 currencies while calculating local sales taxes. Although it is based in Israel, just about 1% of its business comes from the home market. More than half of its business comes from the UK. It employs 300 people across the UK, Israel and some other countries.