- Mobile-first provider of remittances and financial services for immigrants Remitly Global Inc RELY priced 12.16 million shares at $43 per share in its initial public offering.
- The company had estimated that the IPO price per share to be $38 - $42 per share.
- The IPO includes 7 million shares offered by Remitly and the rest by the existing stockholders.
- The estimated gross proceeds for the company total $301 million.
- The shares will begin trading on the Nasdaq today under the ticker symbol "RELY."
- The underwriters have a 30-day option to purchase additional shares up to 1.8 million.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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