Reuters exclusively reported that business payments firm AvidXchange Inc has hired investment banks including Goldman Sachs Group to lead preparations for an initial public offering which may value the business payments processor at more than $7 billion. Those involved in the deal believe AvidXchange could be worth between $5 billion and $7 billion in an IPO, and potentially as much as $10 billion given recent strong investor appetite for payments companies, Reuters sources said.
Business & Finance
Reuters exclusively reports AvidXchange preparing for IPO, eyeing $7 billion valuation
23 March 2021, 3:17 pm 1 minute
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story