Freightos finished its first day on New York’s Nasdaq exchange with its shares trading at $10.30.
The container booking and payments platform — which started under the ticker symbol CRGO following a merger with special purpose acquisition corporation Gesher I Acquisition Corp — opened at $22.76 and spiked to $31.15 before slipping.
Chief executive Zvi Schreiber said the listing will help fund Freightos’ aggressive efforts to scale its business.
