Remitly Global, Inc.

Remitly Global, Inc. (RELY) priced its initial public offering on Sep 24, 2021 at $43.00 per share, above its $38.00–$42.00 range, raising $523M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $6.94B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Barclays and Citigroup and others. Fenwick & West advised the company and Davis Polk advised the underwriters.

Remitly Global, Inc. is a digital financial services provider for immigrants and their families in over 135 countries. Its core cross-border remittance product covers more than 1,700 corridors, helping customers send money home safely and transparently.

Status

IPO

Ticker

RELY

Exchange

Nasdaq Global Select

Priced

Sep 24, 2021

IPO price

$43.00

Price range

$38.00–$42.00

Raised

$523M

Market cap at IPO price

$6.94B

First filed

Aug 30, 2021

Underwriters

Goldman Sachs, J.P. Morgan, Barclays, Citigroup, William Blair, Citizens JMP, KeyBanc, Nomura, Blaylock Van and Cabrera

Company counsel

Fenwick & West

Underwriters' counsel

Davis Polk

Sector

Business services

Country / state

WA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.