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No. of Recommendations: 3
New TMF article on GLBE

https://www.fool.com/investing/2021/10/19/this-recent-ipo-st...

But Global-e still has plenty of room to grow, and with a market cap of just $8.3 billion, this stock could grow many times over in the years ahead.

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Global-e also mentions that they believe they have a larger scale than anybody else in this market. So, that first-mover advantage combined with their scale and their data sets, I think sets this company apart.

This market opportunity is massive. According to Forrester Research, cross-border e-commerce will represent a $736 billion opportunity by 2023. I think one of the good things this company has going for it is earlier this year, they signed an exclusive partnership with Shopify, whereby Global-e is the only provider of cross-border solutions to Shopify's 1.7 million merchants. I think that's really a growth opportunity for both companies. Global-e has 522 merchants on its platform right now. But like I mentioned, Shopify has 1.7 million. So on the Shopify side, this allows its merchants to branch out, reach international geographies. And then on Global-e side, there's over a million merchants that they could potentially become customers.

Dreamer
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