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Bill.com IPO Price Above Estimates

Bill.com went public this week selling more 1 million more shares than originally anticipated at a per-share price above raised estimates. The offering price was $22 per share, up from an original estimate of $16 to $18 per share last week and a raised estimate of $19 to $21 per share the day before the IPO.

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Bill.com IPO Price Up Sharply

The estimated offering price of  shares being offered by Bill.com for its initial public offering has been raised substantially. The company this week gave the estimate at $19 per share to $21 per share, up from $16 per share to $18 per share estimated  last week.

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New CPA License Model Proposed

A new CPA licensure model has been proposed by the National Association of State Boards of Accountancy and the American Institute of CPAs.  The organizations plan to finalize an approach to the new model by next summer with a multi-year implementation to follow.

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QB Live Setup Available this week

Intuit said this week its QuickBooks Live Bookkeeping Setup is available for purchase on QuickBooks.com starting December 10. The software company said there is a one-time set up fee of $50 for setup. 

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 Wave Chips in $10.9M for Block 2Q

Wave contributed $10.9 million in revenue for H&R Block for the second quarter ended October 31, Block said this week. It was the first complete quarter for Wave, which was purchased by the tax services company on July 1, and it represent a 40-percent increase in revenue over Wave’s year-earlier results.

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Canopy: New Funding, CEO, Focus

Canopy has secured new funding, hired a new CEO and emphasized its plans to development practice management software. And the company this week said its plans for marketing a tax preparation software package are delayed, not cancelled.

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Sage Accounting Pro Version in Works

Sage plans to release a version of its online Sage Accounting (formerly Sage One) for professional users. CEO Steve Hare broadly discussed plans during the company’s recent webcast for earnings for the year ended September 30.

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Cherry Beckert Hires Assurance Partner

Ross Burden has recently joined Cherry Bekeart as an assurance partner in its Nashville, Tenn., office. Burden has extensive experience with SEC reporting and compliance and IPO readiness,

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Maximum Bill.com IPO: $183.6 Million

Bill.com expects its initial public offering will raise a maximum of $183.6 million. The payments company said in an S-1 filing with the SEC this week it will offer  8,823,529.

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QBO Revenue Jumps Sharply

QuickBooks Online revenue shot up 41 percent for the first quarter ended October 31. Intuit said during its recent earnings webcast for the most recently ended period, there was  $306 million in revenue for the most recently ended period, up from $217 million a year earlier.

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