Stock

: AvidXchange information are printed

AvidXchange Inc., an accounts payable software company, plans to go public on Friday, according to a filing with the Securities and Exchange Commission.

That in Charlotte, N.C. based company plans to raise up to $ 100 million, but this number is often used as a wildcard and updated in subsequent filings. Goldman Sachs, JP Morgan, B. of A. Securities, and Barclays are listed among the syndicate banks for the offering.

The company plans to list its shares on the Nasdaq under the ticker "AVDX".

AvidXchange reported revenue of $ 185.9 million and a loss of $ 166.3 million in 2020, compared with revenue of $ 149.6 million and a loss of $ 107.9 million in 2019.

When registering, the company did not differentiate between any share classes with regard to voting rights. Bain Capital owns 14% of the company's shares, Mastercard Investment Holdings owns 7.5% and Chief Executive Michael Praeger owns 8.5%.

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