After the closing of its business combination with a special purpose acquisition company, Gesher I Acquisition Corp., the Hong Kong-based global freight booking and payment platform Freightos began trading on the Nasdaq.
Ordinary shares and warrants of Freightos commenced trading on the Nasdaq on 26 January under the ticker symbols “CRGO” and “CRGOW”, respectively.
In honor of the occasion, Zvi Schreiber, CEO of Freightos, rang the opening bell. “Supply chains are fragile, and the last two years demonstrated how valuable Freightos is and can be,” said Schreiber.
“The company had an outstanding 2022, despite declining freight rates and volumes, demonstrating the power of digitalising one of the last large offline industries. We are delighted to have constructive partnerships with an increasing number of carriers, freight forwarders and importers/exporters who are committed to digitalisation,” he added.
Freightos CEO pointed out that “going public through the combination with Gesher and raising capital is designed to fuel our aggressive efforts to scale our booking and payment platform and enhance our leadership position.”
Freightos and Baltic Exchange publish and update daily the Freightos Baltic Index (FBX), an international freight index for the container market.
