The offering price was up from an original estimate of $16 to $18 per share last week and a raised estimate of $19 to $21 per share the day before the IPO. The total for shares sold was $216.1 million with proceeds to Bill.com of slightly less than $201 million. Bill.com sold 9,823,529 million shares, up from 8,823,529 shares planned originally. Underwriters have the option to purchase another 1,473,529 shares while Bill.com’s prospectus reported entities associated with Dragoneer Investment Group are interested in purchasing up to 1,500,000 shares at the IPO price. Dragoneer is not one of Bill.com’s pre-IPO investors.
Estimated reading time: 0 minutes, 40 seconds
BILL.COM IPO TOPS ESTIMATES Featured
Bill.com’s initial public offering this week was a hot one. The payments software company sold 1 million more shares than originally planned at $22 per share as it went public on the New York Stock Exchange.
Most Read
-
-
May 22 2017
-
Written by mark
-
-
-
May 22 2017
-
Written by BobWScott
-
-
-
May 19 2021
-
Written by BobWScott
-
-
-
May 25 2016
-
Written by mark
-