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2 Fintech Startups Prep IPOs That Could Net $400M Combined
Law360 (May 18, 2021, 7:09 PM EDT) Payment processor Flywire set a price range Tuesday on an estimated $200 million initial public offering, represented by Gunderson Dettmer, joining electronic billing platform Paymentus among fintech startups that are launching plans to go public next week.
Flywire Corp. LLP told regulators that it plans to offer 8.7 million shares priced between $22 and $24, raising $200 million at midpoint. The disclosure came one day after Paymentus Holdings Inc. revealed plans for a similar-sized IPO. Paymentus, advised by Wilson Sonsini, planned to offer 10 million shares priced between $19 and $21, also raising $200 million at midpoint.
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Provided by Dow Jones By Colin Kellaher Global payments platform Flywire Corp. on Monday made public its filing with the U.S. Securities and Exchange Commission for an initial public offering. The Boston company s filing indicates it plans to raise $100 million, although that figure is often used as a placeholder to calculate filing fees. Flywire, whose current investors include Bain Capital, Spark Capital, Temasek Holdings and Goldman Sachs, in March said it had filed confidentially with the SEC for the planned IPO. Reuters in January had reported that the IPO could value the payments processor at about $3 billion. Flywire said it has applied to list its shares on the Nasdaq Global Market under the symbol FLYW.
UPDATE 2-Payments firm Flywire makes U.S. IPO filing public Reuters 2 hrs ago
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May 3 (Reuters) - Payments firm Flywire Corp on Monday made its paperwork for a U.S. listing public and revealed a 38% surge in revenue in the latest quarter as it benefits from strong remote working trends due to the COVID-19 pandemic.
Flywire had confidentially filed to go public in March and could seek a valuation as high as $3 billion when it sets terms for the offering, Reuters reported in January.
The Boston-based company, which was founded in 2011 and focuses on payments in the education, healthcare and travel sectors, is looking to ride on the rising interest in the fintech space.
Payments Startup DLocal Said to Confidentially File for IPO
Bloomberg 5/3/2021 © Bloomberg Creative Payments Startup DLocal Said to Confidentially File for IPO
(Bloomberg) DLocal, a payments startup, has confidentially filed for a U.S. initial public offering, according to people with knowledge of the matter.
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The Montevideo, Uruguay-based company is working with banks including JPMorgan Chase & Co. on a listing that could occur as soon as this year, one of the people said. Timing hasn’t been finalized and could still change. DLocal is set to be valued at more than $5 billion in any listing, the people said.
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