Historic day for the world of technology and startups in Spain. Flywire today began its listing on the Nasdaq, the prestigious US stock index where the large technology companies are located. The company created in Valencia in 2009 managed 12 years later to land in the first league of technology companies, thus becoming the first Spanish startup to achieve this.
Flywire shares have risen 46% during the opening and the company’s valuation is already around $ 3.5 billion.
The Spanish fintech marks a new milestone
Iker Marcaide, founder of PeerTransfer, which would later become Flywire, explains on social media that “today I celebrate entrepreneurship. How each of us, through our dreams, passion and perseverance, can contribute to the world in which we live. How we plant seeds that become beautiful trees and forests. ”
Flywire is today a powerful fintech company with a presence in 240 countries and territories, compatible with 130 currencies and more than 2,250 clients.
The initial public offering was around $ 2.4 billion, with about 10 million shares at $ 24 a share. At the time of this writing, the stock is already trading above $ 35.
Flywire is today a powerful fintech company with a presence in 240 countries and territories, compatible with 130 currencies and more than 2,250 clients.
The initial public offering was around $ 2.4 billion, with about 10 million shares at $ 24 a share. At the time of this writing, the stock is already trading above $ 35.
Despite being headquartered in Boston and having grown to become a multinational, Flywire still maintains an office in Valencia with more than 100 employees focused on development.
