William Blair Starts Flywire (FLYW) at Outperform

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Go back to William Blair Starts Flywire (FLYW) at Outperform

Flywire (FLYW) Soars As Street Starts Coverage All Positive

June 21, 2021 10:28 AM EDT

Shares of Flywire Corp (NASDAQ: FLYW) are trading more than 6% higher today as Wall Streets coverage of the company is dominantly positive.

Back in May, shares of Flywire opened 42% higher on its first day of trading at $34 per share, compared to the initial public offering price (IPO) of $24. In the statement, Flywire said it sold 10.4 million shares in the IPO at $24 per share, raising $250.6 million at a valuation of roughly $2.4 billion.

Flywire estimated earlier it would offer 8.7 million shares at $22-$24 per share. The payments firm processed about $2.9 billion in... More