Temasek Holdings Cuts Stake in Flywire Corp Amid Declining Stock Performance

Temasek Holdings has reduced its stake in Flywire Corp by 28.92%, decreasing its position by 2,511,510 shares. The transaction was executed at $14.16 per share, while the current stock price is $10.85, indicating a decline of 23.38% since the transaction. Flywire Corp provides a secure payment platform, primarily generating revenue from the Americas. Despite its innovative offerings, Flywire's stock has experienced a significant decline since its IPO, with a -68.09% change. Temasek Holdings' reduction in Flywire shares reflects a strategic move to realign its investments, possibly in response to Flywire's declining stock performance.