Remittance processor Remitly valued at over $8 bln after strong market debut

Remitly Global

23/09/2021 16:33

Sept 23 (Reuters) - Shares of Remitly Inc  RELY.O  opened
more than 23% above their initial public offering (IPO) price in
their Nasdaq debut on Thursday, giving the remittance processor
a market capitalization of roughly $8.5 billion. 
    The stock opened at $52.9 per share, up from the IPO price
of $43 per share.
    

 (Reporting by Niket Nishant and Sohini Podder in Bengaluru;
Editing by Amy Caren Daniel)
 ((Niket.Nishant@thomsonreuters.com;))