Paymentus Holdings, Inc.

Paymentus Holdings, Inc. (PAY) priced its initial public offering on May 26, 2021 at $21.00 per share, within its $19.00–$21.00 range, raising $210M, and listed on NYSE. At the IPO price its market capitalization was about $2.43B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Citigroup and others. Wilson Sonsini advised the company and Davis Polk advised the underwriters.

Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions to more than 1,300 billers. It serves billers in utilities, financial services, insurance, government, telecommunications and healthcare, letting consumers pay through their preferred channel.

Status

IPO

Ticker

PAY

Exchange

NYSE

Priced

May 26, 2021

IPO price

$21.00

Price range

$19.00–$21.00

Raised

$210M

Market cap at IPO price

$2.43B

First filed

Apr 30, 2021

Underwriters

Goldman Sachs, J.P. Morgan, BofA Securities, Citigroup, Baird, Nomura, Raymond James, Wells Fargo, Fifth Third and PNC

Company counsel

Wilson Sonsini

Underwriters' counsel

Davis Polk

Sector

Business services

Country / state

TX

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