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.