Bill.com announces Initial Public Offering

Bill.com announced the pricing of its initial public offering of 9,823,529 shares of its common stock to the public at a price of $22 per share. The prominent AI-enabled cloud-based software provides for small and midsize business services such as digitization, simplification, and automation of the complex back-end financial operations. It also provides the best in class payment processes for the costumers.

12th December 2019 is the date when the shares of the company are expected to begin trading on the New York Stock Exchange under the ‘Bill’ ticker system, while the closings are subject to customary closing conditions and are expected to close on 16th December 2019.

Moreover, Bill.com has also approved the 30-day option to purchase up to an additional common stock 1,473,529 shares at the IPO price. BofA Securities, Goldman Sachs & Co, LLC, and Jefferies LLC are the lead book-running managers for the offering. Needham & Company, LLC, Canaccord Genuity LLC, and William Blair & Company, L.L.C. are acting as co-managers.

Offerings are being made public only through prospectus and the copies of the offering may be obtained from Goldman Sachs & Co., LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, or by telephone at 1-877-821-7388, or by email at Prospectus_Department@Jefferies.com.

The U.S. Securities and Exchange Commission has declared the registration statement effective. The copies of the registration statement can be found at www.sec.gov.

About Bill.com

Bill.com is a prominent AI-enabled cloud-based software that provides small and midsize business services such as digitization, simplification, and automation of their complex back-end financial operations. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The company has maintained relationships with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers by successfully collaborating and partnering with them.