- Mobile-first provider of remittances and financial services for immigrants Remitly Global Inc (NASDAQ:RELY) priced 12.16 million shares at $43 per share in its initial public offering.
- The company had estimated that the IPO price per share to be $38 – $42 per share.
- The IPO includes 7 million shares offered by Remitly and the rest by the existing stockholders.
- The estimated gross proceeds for the company total $301 million.
- The shares will begin trading on the Nasdaq today under the ticker symbol “RELY.”
- The underwriters have a 30-day option to purchase additional shares up to 1.8 million.
Alcoa To Rally Around 50%? Here Are 5 Other Price Target Changes For Friday
Morgan Stanley raised the price target on Alcoa Corporation (NYSE: AA) from $51 to $66. Morgan Stanley analyst Carlos De Alba also upgraded the stock from Equal-Weight to Overweight. Alcoa shares rose 1.1% to $43.60 in pre-market trading.
