IPOs: Two Fintechs Expected to Float Shares this Week

Two payment Fintechs are expected to list shares on both the NASDAQ and NYSE this week.

Flywire is expected to sell 8.7 million shares on the NASDAQ market under the ticker FLYW.

Paymentus is expected to list 10 million shares on the NYSE under the ticker PAY.

Both deals arrive at around $200 million.

Paymentus is a paperless electronic billing and payment solution with approximately 1,300 clients that include some of the biggest billing firms in North America. Paymentus offers a SAAS-based platform that enables direct-bill organizations to provide a unified customer experience and with the benefits of cost-saving electronic billing and payments. Paymentus anticipates a valuation of up to $2.4 billion. The company’s revenues increased by 32% at $92.2 million during Q1 2021.

Flywire is a Boston-based payments platform that booked a net loss of $8.7 million on revenue of $45.0 million during the first quarter of 2021. Flywire is valued at around $2.4 billion.

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