Expensify Announces Closing of Initial Public Offering and Exercise in Full of the Underwriters’ Option to Purchase Additional Shares
November 15 2021 - 5:16PM
Business Wire
Expensify, Inc. (Nasdaq: EXFY), a payments superapp that helps
individuals and businesses around the world simplify the way they
manage money across expenses, corporate cards and bills, today
announced the closing of its initial public offering of 11,190,392
shares of its Class A common stock. Expensify sold 2,608,696 shares
of Class A common stock and the selling stockholders named in the
prospectus sold 8,581,696 shares of Class A common stock, including
1,459,616 shares sold by certain of such selling stockholders
pursuant to the exercise in full of the underwriters’ option to
purchase additional shares of common stock, at a public offering
price of $27.00 per share. Expensify’s Class A common stock is
listed on The Nasdaq Global Select Market under the ticker symbol
"EXFY."
J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and
BofA Securities acted as joint lead bookrunning managers for the
offering. Piper Sandler & Co., JMP Securities LLC and Loop
Capital Markets acted as co-managers for the offering.
A registration statement on Form S-1 relating to the offering of
these securities was filed with the SEC and was declared effective
on November 9, 2021. The offering was made only by means of a
prospectus. A copy of the final prospectus relating to the offering
may be obtained from: 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@jpmchase.com; Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by telephone at (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, Attention:
Prospectus Department, or by email at
dg.prospectus_requests@bofa.com.
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 Expensify
Expensify is a payments superapp that helps individuals and
businesses around the world simplify the way they manage money.
More than 10 million people use Expensify's free features, which
include corporate cards, expense tracking, next-day reimbursement,
invoicing, bill pay, and travel booking in one app. All free.
Whether you own a small business, manage a team, or close the books
for your clients, Expensify makes it easy so you have more time to
focus on what really matters.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211115006308/en/
James Dean press@expensify.com
Larry Yu Brunswick Group Expensify@brunswickgroup.com
Expensify (NASDAQ:EXFY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Expensify (NASDAQ:EXFY)
Historical Stock Chart
From Jul 2023 to Jul 2024