Remitly Global files for IPO to raise up to $294 million by selling 7 million shares at $42, ticker RELY

Seattle-based Remitly Global filed to go public aiming to raise up to $294 million by selling 7 million shares at up to $42 each, with its board and management planning to sell an additional 5,162,777 shares; the fintech serves predominantly immigrant customers sending money from several developed countries to over 115 destinations.