Flywire Corporation Closes IPO and Full Exercise of Underwriters’ Option to Purchase Additional Shares
May 28 2021 - 4:05PM
Flywire Corporation (“Flywire”), a global payments enablement and
software company, today announced the closing of its initial public
offering of 12,006,000 shares of its common stock at a price to the
public of $24.00 per share, including the full exercise by the
underwriters of their option to purchase up to an additional
1,566,000 shares of common stock.
Flywire estimates its net proceeds from the offering to be
approximately $263.7 million, after deducting underwriting
discounts and commissions and estimated offering expenses. The
shares began trading on the Nasdaq Global Select Market on May 26,
2021, under the ticker symbol “FLYW.”
Goldman Sachs & Co. LLC, J.P. Morgan, Citigroup and BofA
Securities acted as lead book-running managers for the offering.
Raymond James, RBC Capital Markets and William Blair acted as
book-running managers for the offering. Guggenheim Securities,
Nomura, AmeriVet Securities, Ramirez & Co., Inc., Siebert
Williams Shank and Telsey Advisory Group acted as co-managers for
the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from: Goldman Sachs & Co. LLC,
Attn: Prospectus Department, 200 West Street, New York, NY 10282,
by telephone at (866) 471-2526 or by email at
prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone at 866-803-9204 or by email at
prospectus-eq_fi@jpmorganchase.com; Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by telephone at 1-800-831-9146 or by
email at prospectus@citi.com; or BofA Securities, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn:
Prospectus Department or by email at
dg.prospectus_requests@bofa.com.
A registration statement relating to the sale of these
securities has been filed, and declared effective, with the
Securities and Exchange Commission. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
About Flywire
Flywire is a global payments enablement and software company.
Flywire combines its proprietary global payments network, next-gen
payments platform and vertical-specific software to deliver the
most important and complex payments for its clients and their
customers.
Flywire leverages its vertical-specific software and payments
technology to deeply embed within the existing A/R workflows for
its clients across the education, healthcare and travel vertical
markets, as well as in key B2B industries. Flywire also integrates
with leading ERP systems, so organizations can optimize the payment
experience for their customers while eliminating operational
challenges.
Flywire supports 2,250+ clients with diverse payment methods in
more than 130 currencies across 240 countries and territories
around the world. The company is headquartered in Boston, MA, USA
with global offices.
Contacts
Investor Relations Contact:
ICRflywireir@icrinc.com
Media Contacts:
Sarah KingSarah.King@Flywire.com
Prosek Partnerspro-flywire@prosek.com
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