SEATTLE–(BUSINESS WIRE)–Remitly Global, Inc. (“Remitly”), the mobile-first provider of remittances and financial services for immigrants, announced today that it plans to commence the roadshow for its proposed initial public offering of its common stock. Remitly has filed a registration statement on Form S-1 with the Securities and Exchange Commission (“SEC”) to offer 12,162,777 shares of its common stock to the public. The offering consists of 7,000,000 shares of common stock offered by Remitly and 5,162,777 shares of common stock to be sold by certain of Remitly’s existing stockholders. In addition, Remitly and certain selling stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 1,824,417 shares of its common stock. The initial public offering price is expected to be between $38.00 and $42.00 per share. Remitly has applied to list its common stock on the Nasdaq Global Select Market under the ticker symbol “RELY”.
Menu