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
