Benzinga | Sep 23, 2021 06:13AM EDT

Remitly Global Raises $301M Via IPO At $43/Share, Trading Begins Today

* Mobile-first provider of remittances and financial services for immigrants Remitly Global Inc (NASDAQ:RELY) priced 12.16 million shares at $43 per share in its initial public offering.

* The company had estimated that the IPO price per share to be $38 - $42 per share.

* The IPO includes 7 million shares offered by Remitly and the rest by the existing stockholders.

* The estimated gross proceeds for the company total $301 million.

* The shares will begin trading on the Nasdaq today under the ticker symbol "RELY."

* The underwriters have a 30-day option to purchase additional shares up to 1.8 million.