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Similarweb Ltd. (SMWB) Stock News, May 14, 2021

SMWB NYSE

Similarweb Ltd. reports company developments tied to its digital data, web analytics, app analytics and market intelligence business. News commonly covers financial results, annual reporting, subscription trends, product launches and the use of Similarweb datasets in AI, competitive intelligence, ecommerce analysis and alternative data workflows.

Recurring updates include new analytics products such as AI Studio and Retail Intelligence, data-distribution relationships for investment research platforms, and governance changes involving the board and finance leadership. Company releases also describe how Similarweb's web, app, shopper behavior and digital performance data are packaged for enterprises, brands, retailers and financial-market users.

Rhea-AI Summary

Similarweb Ltd. has successfully closed its initial public offering, selling a total of 8,000,000 ordinary shares. Of these, 7,500,000 were offered by Similarweb and 500,000 by a selling shareholder. Notably, Similarweb did not receive any proceeds from the shares sold by the selling shareholder. The company's shares commenced trading on the New York Stock Exchange under the ticker symbol SMWB on May 12, 2021. J.P. Morgan, Citigroup, Barclays, and Jefferies served as joint book-running managers for the offering.

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FAQ

What is the current stock price of Similarweb (SMWB)?

Similarweb (SMWB) last closed at $7.82.

What is the market cap of Similarweb (SMWB)?

The market cap of Similarweb (SMWB) is approximately $690.1M.