Paymentus Holdings To Raise $210M From IPO At $2.4B Valuation: Reuters

May 17, 2021 10:56 AM | 1 min read |

Billing and payments network Paymentus Holdings Inc PAY offered 10 million shares at $19 - $21 per share to raise $210 million, aiming for a U.S. initial public offering valuation of up to $2.43 billion, Reuters reports.
The company will list its shares on the NYSE under the symbol "PAY."
Higher online payment led to a 32% year-on-year revenue growth for the March quarter to $92.2 million.
Payments startup Marqeta also disclosed its public listing plans last week.
Goldman Sachs, J.P. Morgan, BofA Securities, and Citigroup are the lead underwriters for Paymentus' offering.