Remitly files to raise up to $332.6M in IPO at roughly $6.5B valuation with $38–$42 price range

Remitly set IPO terms expecting to raise $284.6 million (up to $332.6 million with overallotment) at $38–$42 a share, valuing the Seattle fintech about $6.5 billion. The company reported $202M revenue and a $9.2M net loss in the first half of the year and competes with firms like Wise and Zepz.

MMatt Oppenheimer JJason Stoffer