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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.

The price range is estimated at $16 to $18 per share. At $17 per share the proceeds to Bill.com would.be $134.3 million, up to $155.3 million if underwriters’ option is exercised for an additional 1,323,529 shares.

Bill.com 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.

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