Remitly prices IPO at $43, valuing Seattle fintech at $6.9B; shares open $53, close $48.45 on NASDAQ RELY

Remitly priced its IPO at $43 per share, valuing the Seattle fintech at about $6.9 billion and raising over $300 million in net proceeds; the stock opened at $53 and closed at $48.45 on its NASDAQ debut under ticker RELY. The company, founded in 2011, reported $202 million revenue and a $9.2 million net loss in H1 and competes with firms like Wise.