Money transfer firm Remitly runs trio of FinTech IPOs

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 …

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