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.

The price range is estimated at $16 to $18 per share. At $17 per share the proceeds to $134.3 million, up to $155.3 million if underwriters’ option is exercised for an additional 1,323,529 shares. said the proceeds will be used for a wide range of purposes. These include working capital, general corporate purposes and possible acquisition of or investments in technologies, products or other businesses.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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