Flywire Corp is seeking a valuation of up to $2.4 billion in its initial public offering in the United States, the Temasek Holdings-backed payments firm said in a filing on Tuesday.
The company said it is offering 8.7 million shares with voting rights for a price between $22 and $24 each. At the top end of the range, the IPO would bring in nearly $209 million for Flywire.
Founded in 2011, Boston-based Flywire focuses on enabling payments in the education, healthcare and travel sectors. Its IPO plan comes amid a surge in interest in the fintech space that has seen companies including Affirm Holdings Inc and Stripe raise capital at sky-high valuations.
Flywire had confidentially filed for a listing in March, months after Reuters reported it was planning an IPO at a possible valuation of $3 billion.
Source: Deal Street Asia
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.