SAN FRANCISCO: Financial technology company AvidXchange Holdings Inc has raised US$660mil (RM2.74bil) in an initial public offering (IPO), pricing its shares at the top of a marketed range, according to data compiled by Bloomberg.
The company, whose backers include a Mastercard Inc affiliate and venture capitalist Peter Thiel, sold 26.4 million shares Tuesday for US$25 (RM103.93) each after marketing 22 million of them.
