SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Remitly Global, Inc. Investors.

NEW YORK, May 16, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Remitly Global, Inc. (“Remitly” or the “Company”) (NASDAQ: RELY). Such investors are advised to get in touch Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Remitly and certain of its officers and/or directors engaged in securities transactions Fraud or other unlawful business practices.

(Click here for information about joining the class action lawsuit)

In September 2021Remitly completed its initial public offering (“IPO”), selling 12.16 million shares of common stock at a price of $43.00 per share. Then further May 1, 2024Remitly issued a press release announcing its financial results for the first quarter of 2024. Among other things, Remitly reported sales of $269.1 million for the quarter, missing consensus estimates of $4.78 million.

On this news, Remitly’s share price fell $2.14 per share, or 12.2%, to close $15.40 per share May 2, 2024.

The Pomerantz company with offices in new York, Chicago, Los Angeles, LondonAnd Paris is considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the deceased Abraham L. PomerantzKnown as the dean of class action lawyers, the Pomerantz Law Firm was a pioneer in the field of securities class actions. Today, more than 80 years later, the Pomerantz company continues the tradition it founded and fights for the rights of securities victims Fraud, breaches of fiduciary duty and corporate misconduct. The company has sought numerous millions of dollars in damages on behalf of the class plaintiffs. See www.pomerantzlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 ext 7980

SOURCE Pomerantz LLP