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 story : AvidXchange raises expected pricing range of IPO, boosting #FinanceUSA #StockMarketNEWS AvidXchange Holdings Inc. could raise up to million more than it previously expected, as the North Carolina-based

@stockMarketNEWS 10 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

AvidXchange raises expected pricing range of IPO, boosting #FinanceUSA #StockMarketNEWS
AvidXchange Holdings Inc. could raise up to million more than it previously expected, as the North Carolina-based provider of accounts payable automation software raised the estimated pricing range of its initial public offering. The company said it is still offering 22.0 million shares in the IPO, which is now expected to price between and a share, up from a previous estimate of between and a share, as the company could raise up to 0 million. The new pricing range implies the company could now be valued at up to .78 billion, up from a previous estimate of .40 billion. The company is looking to go public at a time that the Renaissance IPO ETF has inched up less than 0.1% over the past three months, while the S&P 500 has gained 2.0%.


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