BILL Holdings, Inc.

BILL Holdings, Inc. (BILL) priced its initial public offering on Dec 12, 2019 at $22.00 per share, above its $19.00–$21.00 range, raising $216.1M, and listed on NYSE. At the IPO price its market capitalization was about $1.55B. Goldman Sachs was lead-left underwriter, joined by BofA Securities, Jefferies and KeyBanc and others. Fenwick & West advised the company and Wilson Sonsini advised the underwriters.

BILL Holdings, Inc. provides cloud-based software that automates back-office financial operations for small and midsize businesses. Customers use its AI-enabled platform to generate and process invoices, route approvals, send and receive payments, sync with accounting systems and manage cash.

Status

IPO

Ticker

BILL

Exchange

NYSE

Priced

Dec 12, 2019

IPO price

$22.00

Price range

$19.00–$21.00

Raised

$216.1M

Market cap at IPO price

$1.55B

First filed

Nov 15, 2019

Underwriters

Goldman Sachs, BofA Securities, Jefferies, KeyBanc, Canaccord Genuity, Needham and William Blair

Company counsel

Fenwick & West

Underwriters' counsel

Wilson Sonsini

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.