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Sept. 23, 2021, 6:30 a.m. EDT

Remitly IPO prices above range at $43 a share for a valuation of $6.9 billion

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By Ciara Linnane


Remitly Global Inc. /zigman2/quotes/229492987/composite RELY -2.83% , the financial-technology company that's looking to simplify the process of sending remittances so that people can more easily, safely and cheaply send money back to their loved ones, said its initial public offering priced at $43 a share, above its proposed price range of $38 to $42. The company sold 7 million shares to raise $301 million at a valuation of $6.9 billion. Selling shareholders sold another 5.16 million shares. The stock will start trading on Nasdaq later Thursday under the ticker RELY. Goldman Sachs & Co. LLC and J.P. Morgan were lead underwriters.

US : U.S.: Nasdaq
$ 12.38
-0.36 -2.83%
Volume: 100,224
Feb. 8, 2023 11:40a
P/E Ratio
Dividend Yield
Market Cap
$2.16 billion
Rev. per Employee

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