Friday, August 1, 2025

Latest

Accounts Payable Software AvidXchange Prices US$660 Million IPO

Accounts payable automation software AvidXchange Holdings, Inc. (Nasdaq: AVDX) started publicly trading on the Nasdaq Global Select Market today under the symbol “AVDX”. The firm’s initial public offering is looking to raise US$660.0 million.

The offering will be conducted through the issuance of 26.4 million common shares selling at US$25.00 per share and is expected to close on October 15, 2021.

The company granted the underwriters a 30-day over-allotment option to purchase additional 3.96 million common shares at the same IPO price, potentially bringing proceeds up to US$759.0 million. Goldman Sachs & Co. and J.P. Morgan are all acting as joint lead bookrunners for the said offering.

The North Carolina-based software firm provides accounts payable automation software and payment solutions for middle market businesses. According to the company, it has automated payables workflow for over 7,000 businesses and served as a payment gateway to more than 700,000 supplier customers of its buyers over the past five years.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Capco Founder-Led SPAC Motive Capital II Prices Upsized US$300 Million IPO

Special purpose acquisition company Motive Capital Corp II (NYSE: MTVC.U) went public today on the...

Tuesday, December 7, 2021, 02:22:00 PM

Biotech Firm Blue Water Vaccines Prices US$20 Million IPO

Biopharmaceutical company Blue Water Vaccines, Inc. (Nasdaq: BWV) began trading on the Nasdaq Capital Market...

Monday, February 21, 2022, 04:33:00 PM

Fintech SPAC AIB Acquisition Seeks To Raise US$75 Million In IPO

Special purpose acquisition company AIB Acquisition Corporation (Nasdaq: AIBBU) went public on the Nasdaq Global...

Wednesday, January 19, 2022, 02:16:00 PM

Birkenstock Files For $8 Billion IPO

Birkenstock, the renowned German footwear company, took a significant step towards going public on Tuesday....

Wednesday, September 13, 2023, 10:36:00 AM

Industrials SPAC Kensington Capital Acquisition V Eyes US$240 Million IPO

Special purpose acquisition company Kensington Capital Acquisition Corp. V (NYSE: KCGI.U) started trading its securities...

Friday, August 13, 2021, 10:03:00 AM