Twitter LinkedIn
    Sunday, March 26
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals»Temasek-backed Flywire valued at $3.4 bln in U.S. market debut
    Deals

    Temasek-backed Flywire valued at $3.4 bln in U.S. market debut

    May 26, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Temasek Holdings-backed payments firm Flywire Corp (FLYW.O) was valued at $3.39 billion in its Nasdaq debut on Wednesday, 239% higher from its valuation after a funding round in February last year, according to data from Pitchbook.

    The company’s shares opened at $34 each, up from the initial public offering price of $24 apiece.

    Flywire, founded in 2011, focuses on enabling payments in the education, healthcare and travel sectors. It is also backed by the venture arm of private-equity firm Bain Capital.

    The company adds to the buzz around fintech players, particularly high-growth companies such as Affirm Holdings Inc (AFRM.O) and digital payments giant Stripe, both of which raised funds at sky-high valuations earlier this year.

    Read More

    Source: Reuters

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deal PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Brookfield buys KKR’s Spanish solar company stake

    March 23, 2023

    Ethical Capital Partners buys Pornhub for an undisclosed sum

    March 18, 2023

    EQT Infrastructure acquires Madison Energy Investments

    December 22, 2022

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Comments are closed.

    Other Articles

    Border to Coast to deploy $5.2bn in private market commitments

    April 8, 2022

    PRIVATE EQUITY FIRM ACHIEVE PARTNERS ACQUIRES OPTIMUM HEALTHCARE IT

    July 23, 2021

    Private equity firm HIG agrees £25m settlement with pensions regulator

    March 5, 2021

    Fintech firm StudentFinance.com secures USD5.3m to reshape education financing globally with ISAs

    May 20, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?