Bill.com (BILL) Prices 9.8M Share IPO at $22/Sh

Bill.com (NYSE: BILL), a leading provider of AI-enabled cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses, today announced the pricing of its initial public offering of 9,823,529 shares of its common stock at a price to the public of $22.00 per share.

The shares are expected to begin trading on the New York Stock Exchange on December 12, 2019, under the ticker symbol "BILL". The offering is expected to close on December 16, 2019, subject to customary closing conditions.

In addition, Bill.com has granted the underwriters a 30-day option to purchase up to an additional 1,473,529 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities and Jefferies LLC are acting as the lead book-running managers for the offering. KeyBanc Capital Markets Inc. is acting as a book-running manager. Canaccord Genuity LLC, Needham & Company, LLC, and William Blair & Company, L.L.C. are acting as co-managers.

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