AVDX News

The IPO market remained active this past week as seven IPOs raised $2.1 billion. SPAC activity kept steady with 10 blank check IPOs raising $1.6 billion. New filers continued to pour into the IPO pipeline, with 12 IPOs and nine SPACs submitting initial filings. Software development platform GitLab (GTLB) priced above the upwardly revised range to raise $801...read more

AvidXchange, which provides a billing and payments software platform to mid-market businesses, raised $660 million by offering 26.4 million shares at $25, the high end of the upwardly revised range of $23 to $25. The company offered 4.4 million more shares than anticipated. It originally planned to offer 22 million shares at $21 to $23 before increasing the range last week. ...read more

The Fall IPO market is expected to stay busy with eight IPOs schedule to raise $1.9 billion in the week ahead. Software development platform GitLab (GTLB) plans to raise $598 million at a $9.4 billion market cap. This founder-led company provides an end-to-end DevOps platform to accelerate the software development cycle from weeks to minutes and enable rapid,...read more

AvidXchange, which provides a billing and payments software platform to mid-market businesses, raised the proposed deal size for its upcoming IPO on Friday. The Charlotte, NC-based company now plans to raise $528 million by offering 22 million shares at a price range of $23 to $25. The company had previously filed to offer the same number of shares at a range of $21 to $23. At the...read more