https://www.reuters.com/article/remitly-ipo/remittance-processor-remitly-valued-at-over-8-billion-after-strong-market-debut-idUSKBN2GJ1F2

Shares of Remitly Inc opened more than 23% above their initial public offering (IPO) price in their Nasdaq debut on Thursday, giving the remittance processor a market capitalization of roughly $8.5 billion.