IPO of Payment Company Flywire (FLWR) Opens 42% Higher

Today's IPO for Flywire Corporation (NASDAQ: FLYW) opened for trading at $34 after pricing 10,440,000 shares of its common stock at a price to the public of $24.00 per share, the high end of the expected $22.00-$24.00 range.

Goldman Sachs & Co. LLC, J.P. Morgan, Citigroup and BofA Securities are acting as lead book-running managers for the offering. Raymond James, RBC Capital Markets and William Blair are acting as book-running managers for the offering. Guggenheim Securities, Nomura, AmeriVet Securities, Ramirez & Co., Inc., Siebert Williams Shank and Telsey Advisory Group are acting as co-managers for the offering.

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.

In 2020, the company enabled over $7.5 billion of total payment volume across more than 130 currencies. In the three months ended March 31, 2021, we enabled approximately $2.9 billion of total payment volume.

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