Remitly Global $522.9 million IPO
Davis Polk advised the several underwriters in connection with the approximately $522.9 million initial public offering of 12,162,777 shares of common stock of Remitly Global, Inc., of which 7,000,000 shares of common stock were issued and sold by Remitly and 5,162,777 shares of common stock were sold by selling stockholders. Remitly is traded on the Nasdaq Global Select Market under the trading symbol “RELY.”
Remitly is a digital financial services provider that focuses on cross-border remittance and banking, helping immigrants and their families in over 135 countries around the world to send money home in a safe, reliable, and transparent manner. Remitly aims to transform the lives of immigrants and their families by providing the most trusted financial services on the planet.
The Davis Polk corporate team included partners Byron B. Rooney and Shane Tintle and associate Joanna Sedlak. Partner Margaret E. Tahyar and associate Russell Quarles provided regulatory advice. The tax team included partner Mario J. Verdolini and associate Eitan Ulmer. Associates Christopher C. Woller and Marisa Elena Bannon provided intellectual property advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and Washington DC offices.