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.

The total offering was $216.1 million with proceeds to the payments software company of slightly less than $201 million. Bill.com sold 9,823,529 million shares, up from the originally planned 8,823,529 shares with underwriters having the option to purchase another 1,473,529 shares. In addition, Bill.com’s prospectus reported entities associated with Dragoneer Investment Group are interested in purchasing up to 1,500,000 shares at the IPO price.

Dragoneer is not one of Bill.com’s pre-IPO investors.

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
Last modified on Tuesday, 17 December 2019
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