Summary
Naspers LTD, PayU Fintech Investments B.V., and Prosus N.V. disclosed the sale of 12,000,000 shares of Remitly Global Inc. (NASDAQ:RELY) common stock on March 12, 2026, at $15.98 per share, yielding total proceeds of $191.76 million. The filing notes that the selling parties will hold 13,441,745 shares following the transaction and that they will cease to be 10% holders of Remitly.
Transaction specifics and ownership impact
The block sale was executed at a listed price of $15.98 a share for an aggregate of $191.76 million. Following the disposition, the combined holdings of the reporting owners stand at 13,441,745 common shares. The filing explicitly states that, as a result of the sale, the reporting owners will no longer meet the 10% ownership threshold.
The reporting document was signed by Nico Marais on behalf of Naspers Limited and Prosus N.V., and by Franka Olbers on behalf of PayU Fintech Investments B.V., according to the filing details.
Company financials and market context included in the filing
The filing also notes several of Remitly’s recent operating and market metrics. At the time of the disclosure, Remitly carries a market capitalization of $3.27 billion and has recorded revenue growth of 29% over the last twelve months. The company is trading below its InvestingPro Fair Value, a point highlighted in the report.
Remitly’s fourth-quarter revenue arrived at $442 million, ahead of the consensus Street estimate of $428 million. Adjusted EBITDA for the quarter was reported at $89 million, materially above the expected $52 million figure.
Analyst activity, guidance, and leadership
Following the stronger-than-expected results, Cantor Fitzgerald raised its price target on Remitly to $20 from $17 and maintained an Overweight rating. Citizens lifted its price target to $22 from $20, citing improved margins and revised EBITDA guidance.
Remitly provided guidance for the first quarter of fiscal 2026, projecting revenues between $436 million and $438 million and adjusted EBITDA in a range of $82 million to $84 million.
The company also announced a leadership change: Sebastian J. Gunningham has been appointed chief executive officer, succeeding co-founder Matt Oppenheimer. The filing connects this transition with Remitly’s recent performance, which exceeded revenue and adjusted EBITDA guidance for both the fourth quarter and the full year 2025.
Contextual note
The disclosure documents combine the share-sale notice with operational and market data on Remitly, including analyst actions and updated guidance. The filing signatures were provided by representatives of the selling entities as noted above.