Fintech startups are having one hell of a week.
On the heels of Boston-based software-and-payments company Toast’s strong IPO pricing, Remitly priced shares in its own debut above its proposed range yesterday evening. The Seattle-based fintech company sold 12,162,777 shares (7,000,000 primary) at $43 apiece. The company had previously targeted a $42 per-share max price for its IPO equity.
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At $43 per share, Remitly is valued less like a fintech company with gross margins in the 50% to 60% range and more like a middle-tier …
