Remitly, the provider of mobile remittances and financial services for immigrants, announced the pricing of its IPO. In total 12,162,777 shares of its common stock shall be offered to the public, consisting of 7,000,000 shares of common stock offered by Remitly and 5,162,777 shares of common stock offered by certain of Remitly’s existing stockholders, at a public offering price of USD 43.00 per share.
Trading of the shares on the Nasdaq Global Select Market started on September 23, 2021 under the ticker symbol “RELY.” In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,824,417 shares of common stock, consisting of 1,269,627 shares from Remitly and 554,790 shares from certain of Remitly’s existing stockholders, at the initial public offering price, less underwriting discounts and commissions.
