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.