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May 26, 2021Blog Posts

Paymentus IPO prices at $21, top end of its proposed range

MarketWatch

Paymentus Holdings Inc. PAY, a provider of cloud-based bill payment technology, said Wednesday its initial public offering priced at $21, the high end of its proposed range of $19 to $21. The company offered 10 million shares to raise $210 million. Underwriters have the option to purchase an additional up to 1.5 million shares. The shares will start trading later Wednesday, under the ticker “PAY.”

Powering the Next Generation of Electronic Bill Payments | Paymentus -  Paymentus

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