News / Freightos set to list on Nasdaq when markets open

© Daniel Kaesler

Freightos is set to list on the US Nasdaq exchange today, following’s yesterday’s meeting of shareholders of special purpose acquisition company (SPAC) Gesher.

Freightos founder and CEO Zvi Schreiber will be ringing the bell as the markets open.

The IPO is, however, focused on recapitalising the company rather than the trading of shares. Only about 10% of Freightos stock, to be listed under the ticker CRGO, will be publicly traded in what is a complex structuring.

“We are doing this to raise money,” ...