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

  • 9/23/2021
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Sept 23 (Reuters) - Shares of Remitly Inc 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.

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