Deals
Mastercard-Backed AvidXchange Upsizes IPO to Raise $660 Million
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Financial technology company AvidXchange Holdings Inc. raised $660 million in an initial public offering, 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 $25 each after marketing 22 million of them for $23 to $25, the data show.