STOCK TITAN

Flywire Files Registration Statement with SEC for Proposed Initial Public Offering

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Flywire Corporation has filed a registration statement on Form S-1 with the SEC for a proposed initial public offering (IPO) of its common stock. The number of shares and pricing details are yet to be determined. Flywire plans to list on the Nasdaq under the ticker symbol FLYW. Leading the offering are Goldman Sachs, J.P. Morgan, Citigroup, and BofA Securities. The registration statement is filed but not yet effective, indicating that the securities cannot be sold until it is. Flywire specializes in payments enablement and software, serving over 2,250 clients globally.

Positive
  • Filed for an initial public offering, potentially enhancing capital and visibility.
  • Plans to list on Nasdaq under the ticker 'FLYW', attracting institutional interest.
Negative
  • No specific financial metrics or projected revenues disclosed, indicating uncertainty.
  • Registration statement not yet effective, delaying potential sale of securities.

BOSTON, May 03, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation ("Flywire"), a global payments enablement and software company, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Flywire intends to list its common stock on the Nasdaq Global Market under the ticker symbol “FLYW.”

Goldman Sachs & Co. LLC, J.P. Morgan, Citigroup and BofA Securities will act as lead book-running managers for the proposed offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526 or by email at prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmorganchase.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at 1-800-831-9146 or by email at prospectus@citi.com; or BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department or by email at dg.prospectus_requests@bofa.com.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Flywire

Flywire is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers.

Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges.

Flywire offers its 2,250+ clients diverse payment methods in more than 130 currencies across 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices.

Contacts

Media Contacts:

Sarah King
Sarah.King@Flywire.com

Prosek Partners
pro-flywire@prosek.com

Investor Relations Contact:

ICR
flywireir@icrinc.com 


FAQ

What is Flywire's proposed IPO date?

The proposed IPO date for Flywire has not been disclosed yet.

What is the ticker symbol for Flywire's stock?

Flywire intends to list its stock on Nasdaq under the ticker symbol 'FLYW'.

Who are the lead managers for the Flywire IPO?

Goldman Sachs, J.P. Morgan, Citigroup, and BofA Securities are the lead managers.

How many clients does Flywire serve?

Flywire serves over 2,250 clients across various industries worldwide.

What type of company is Flywire?

Flywire is a global payments enablement and software company.

Flywire Corporation Voting

NASDAQ:FLYW

FLYW Rankings

FLYW Latest News

FLYW Stock Data

2.78B
119.07M
2.83%
96.53%
4.96%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
BOSTON