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Is Recent IPO Stock Global-E a Buy?

TheMotleyFool

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Shares of e-commerce technologist Global-e Online (NASDAQ: GLBE) are off to a hot start since making their public debut in mid-May. As of this writing, the stock is up nearly 40% from where it started publicly trading after its IPO. The company specializes in cross-border commerce, and is best known as a software partner to digital selling powerhouse Shopify (NYSE: SHOP) -- which, not incidentally, is also an investor in Global-e.

As is often the case with hot IPO stocks, though, Global-e has a premium price tag. I for one am not buying yet, but this company is worth putting on your radar at the very least.

Image source: Getty Images.

Source Fool.com

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