TThe information was contained in an S-1 filing with the SEC. Proceeds to Bill.com would.be $134.3 million, at $17 per share. That would rise to $155.3 million if the underwriters’ option is exercised for an additional 1,323,529 shares. Bill.com said the proceeds will be used for a wide range of purposes. These include working capital, general corporate purposes and possible acquisition of or investments in technologies, products or other businesses.
BILL.COM TO RAISE UP TO $183.6M Featured
Bill.com said this week it will raise a maximum of $183.6 million through an initial public offering. The cloud payments company expects to offer 8,823,529 shares at an estimated price of at $16 to $18 per share.
