Bill.com (BILL) IPO Opens 69% Higher

Today's IPO for Bill.com (NYSE: BILL) opened for trading at $37.25 after pricing its initial public offering of 9,823,529 shares of its common stock at a price to the public of $22.00 per share.

In addition, Bill.com has granted the underwriters a 30-day option to purchase up to an additional 1,473,529 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities and Jefferies LLC are acting as the lead book-running managers for the offering. KeyBanc Capital Markets Inc. is acting as a book-running manager. Canaccord Genuity LLC, Needham & Company, LLC, and William Blair & Company, L.L.C. are acting as co-managers.

Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflows. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas.

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