Search

Flywire Corporation Closes Initial Public Offering of Shares of Common Stock Trading on the NASDAQ Global Select Market

CFGI’s Capital Markets team assisted Flywire Corporation (NASDAQ: FLYW) with its initial public offering of 12,006,000 shares of common stock at $24.00 per share, including the full exercise of the underwriters’ option to purchase 1,566,000 additional shares of common stock. Flywire estimates its net proceeds from the initial public offering to be $263.7 million, before deducting underwriting discounts, commissions and offering expenses. The shares began trading on May 26, 2021, and the offering closed on May 28, 2021.

Flywire Corporation (Flywire) is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for its clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, health care and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports over 2,250 clients with diverse payment methods in more than 130 currencies across 240 countries and territories around the world.

The CFGI team was led by April Coleman (Capital Markets) and Christopher Brandes (Capital Markets).

For further information on the offering, please read Flywire Corporation’s press release.

Subscribe to Our Newsletter
Share This
Related Posts