Expensify, Inc.

Expensify, Inc. (EXFY) priced its initial public offering on Nov 12, 2021 at $27.00 per share, within its $25.00–$27.00 range, raising $262.7M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $2.18B. Latham & Watkins advised the company and Cooley advised the underwriters.

Expensify, Inc. runs a cloud-based expense management software platform for businesses of all sizes. Users scan and reimburse receipts for travel and other expenses, and the platform has processed more than 1.1 billion expense transactions since its 2008 founding.

Status

IPO

Ticker

EXFY

Exchange

Nasdaq Global Select

Priced

Nov 12, 2021

IPO price

$27.00

Price range

$25.00–$27.00

Raised

$262.7M

Market cap at IPO price

$2.18B

First filed

Oct 15, 2021

Company counsel

Latham & Watkins

Underwriters' counsel

Cooley

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.