Money transfer firm Remitly runs trio of FinTech IPOs

0
By Elise Hansen (September 23, 2021, 7:56 p.m. EDT) – A trio of fintech companies began trading on Thursday, led by an initial public offering of $ 523 million from Remitly, which offers a mobile app for mailings. funds and financial services.

Seattle-headquartered Remitly Global Inc.’s $ 523 million bid was followed by customer engagement and payments firm EngageSmart Inc., which raised approximately $ 378.3 million, and cryptocurrency mining firm Argo Blockchain PLC, which raised $ 112.5 million.

The three companies could contribute more funds if their underwriters used their over-allotment option to buy additional shares.

Remitly offered 7 million of the nearly 12.2 million shares offered in its IPO, deriving its proceeds from the …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Share.

Leave A Reply