Finance Breaking news AvidXchange preps for Q2 IPO last financial news

Breaking-Finance.Com - Small business payments automation firm AvidXchange has hired investment banks to prep for an initial public offering that could value the business at more than $7 billion, according to Reuters.

Finance Breaking news AvidXchange preps for Q2 IPO last financial news

Breaking-Finance.Com - Small business payments automation firm AvidXchange has hired investment banks to prep for an initial public offering that could value the business at more than $7 billion, according to Reuters.

Finance Breaking news AvidXchange preps for Q2 IPO last financial news
23 March 2021 - 17:45

Breaking-Finance.Com - Small business payments automation firm AvidXchange has hired investment banks to prep for an initial public offering that could value the business at more than $7 billion, according to Reuters. Backed by investors including Mastercard and Peter Thiel, the company offers a single SaaS based platform that eliminates the paper invoice and cheque and offers multiple e-payment options through the AvidPay Network of more than 600,000 suppliers.Founded in 2000, AvidXchange currently processes around 12 million payments annually with a total value of $140 billion.

. Citing people familiar with the matter, Reuters reports that the Charlotte, North Carolina-based company aims to list on the stock market in the second quarter. The firm is reputed to have hired Goldman Sachs, JPMorgan Chase, Bank of America Corp, and Barclays as IPO arrangers.

Source = Breaking-Finance.Com

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Finance Breaking news AvidXchange preps for Q2 IPO last financial news


Finance Breaking news AvidXchange preps for Q2 IPO last financial news


Finance Breaking news AvidXchange preps for Q2 IPO last financial news


Finance Breaking news AvidXchange preps for Q2 IPO last financial news

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