Flywire Corporation, a payments enablement and software company, has filed Amendment No 1 to Form S-1 Registration Statement on May 18, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $200 million by offering 8.7 million shares at a price range of $22 to $24. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $2.6 billion.
The company’s platform, proprietary global payment network and vertical-specific software help their clients get paid and help their customers pay with ease—no matter where they are in the world.
The Boston, Massachusetts-based company was founded in 2009 and booked $144 million in sales for the 12 months ended March 31, 2021. It plans to list on the Nasdaq Global Market under the symbol “FLYW.” It had been on our Private Company Watchlist since February 2020. Goldman Sachs, J.P. Morgan, Citi and BofA Securities are underwriters of the IPO.
The company engages Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor.
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