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More companies

Remitly Global, Inc. (RELY)

Sector - Technology

Price chart

-5.99%
Return from IPO

Company News

IPO Profile

About company

The inspiration behind Remitly came when Matt, their co-founder and Chief Executive Officer, was working in Kenya. There, Matt realized how reliant some families were on the money sent from their loved ones working abroad. He also saw how difficult it was to send and receive money overseas – the process was painful, opaque, and expensive. This first-hand look at cross-border remittances was an eye-opener, and Matt became convinced there was a better way. In 2011, Josh and Shivaas, their two other co-founders, joined Matt to start Remitly and began working on the problem immediately. Their goal was to make a difference for immigrant communities by using technology to initially disrupt traditional cross-border remittances. Today, Remitly is a leading digital financial services provider for immigrants and their families in over 135 countries around the world. Looking back over the last ten years, they have remained committed to their initial goal: to help millions of immigrants send money home in a safe, reliable, and transparent manner. The long-term, trusted relationships they foster with their customers have enabled them to expand their core cross-border remittance product to over 1,700 corridors worldwide and extend their offering to a broader suite of financial services.
Industry
Services - Prepackaged Software
CEO CFO
-
Employees Founded
1600 2011

Contacts

Address: 1111 Third Avenue, Suite 2100 Seattle, Wa 98101

Telephone: (888) 736-4859

Web page: http://www.remitly.com

IPO information

First Trade Date 9/23/2021
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range
-
Share prices ($)

Shares & Volumes

Shares Initial (MM) 12.2
Shares Revised (MM) 12.2
Expected offer amount (MM) $488
Realized offer amount(MM) $524.6

Financial Data (last reporting year)

Market Cap (MM) $6456.8
Revenues (MM) $353.91
Net Income (Loss) (MM) $-20.65

Voting

What do you think will happen with the RELY share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

Number of votes: img
The lead left underwriter: Goldman Sachs

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
Goldman Sachs/ JP Morgan/ Barclays/ Citi/ William Blair
CO-Managers
JMP Securities/ KeyBanc Capital Markets/ Nomura Securities

Sector: Technology

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