Is This Recent Fintech IPO Worth Your Money?

Every investor wants to have a stake in the next big thing that has the potential to yield significant returns in the future. With the speed of the market, it's no surprise that investors watch closely for companies that are holding initial public offerings (IPO) in an attempt to get lucky by getting into a "winner" early. But what about the companies that don't quite look like winning IPOs?

Financial technology company Remitly Global (NASDAQ: RELY) came public less than three months ago and has already seen its stock decline by more than 50%. Though fintech stocks have garnered lots of investor attention lately and tend to command lofty valuations, Remitly appears to be an exception. Let's see whether or not this young financial services provider deserves investors' dollars.

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Source Fool.com