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

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.

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Remitly Global Inc.

US : U.S.: Nasdaq

$ 12.38

-0.36 -2.83%

Volume: 100,224

Feb. 8, 2023 11:40a

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$2.16 billion

Rev. per Employee

$332,102