Flywire Launches Roadshow for Proposed Initial Public Offering

Rhea-AI Summary

Flywire Corporation plans to launch its initial public offering (IPO) with 8,700,000 shares expected to be priced between $22 and $24 each. Additionally, it may grant underwriters a 30-day option to purchase up to 1,305,000 additional shares. The company aims to list its common stock on Nasdaq under the symbol 'FLYW.' Leading managers for the offering include Goldman Sachs, J.P. Morgan, Citigroup, and BofA Securities. A registration statement has been filed with the SEC but is not yet effective, meaning the securities cannot be offered until it is.

Positive

• Proposed IPO of 8,700,000 shares priced between $22 and $24 could attract significant investor interest.
• Potential additional offering of 1,305,000 shares may enhance capital raised.
• Listing on Nasdaq under the symbol 'FLYW' could increase visibility among investors.

Negative

• The registration statement has not yet become effective, delaying the ability to sell shares.

BOSTON, May 18, 2021 (GLOBE NEWSWIRE) -- Flywire Corporation (“Flywire”) announced today that it plans to commence the roadshow for its proposed initial public offering of its common stock. Flywire is offering 8,700,000 shares of its common stock. The initial public offering price is expected to be between $22 and $24 per share. Flywire expects to grant the underwriters a 30-day option to purchase up to an additional 1,305,000 shares of its common stock. Flywire has applied to list its common stock on The Nasdaq Global Select Market under the ticker symbol “FLYW.”

Goldman Sachs & Co. LLC, J.P. Morgan, Citigroup and BofA Securities are acting as lead book-running managers for the proposed offering. Raymond James, RBC Capital Markets and William Blair are acting as book-running managers for the proposed offering. Guggenheim Securities, Nomura, AmeriVet Securities, Ramirez & Co., Inc., Siebert Williams Shank and Telsey Advisory Group are acting as co-managers for the proposed offering.

The proposed 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, 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 the proposed sale of 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 its 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 supports 2,250+ clients with 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

Investor Relations Contact:

ICR
flywireir@icrinc.com

Media Contacts:

Sarah King
Sarah.King@Flywire.com 

Prosek Partners
pro-flywire@prosek.com 

FAQ

What is the expected price range for Flywire's IPO?

The expected price range for Flywire's IPO is between $22 and $24 per share.

How many shares is Flywire offering in its IPO?

Flywire is offering 8,700,000 shares in its IPO.

What is the ticker symbol for Flywire Corporation?

Flywire Corporation plans to trade under the ticker symbol 'FLYW' on Nasdaq.

Who are the lead underwriters for Flywire's IPO?

Goldman Sachs, J.P. Morgan, Citigroup, and BofA Securities are the lead underwriters for Flywire's IPO.

Is Flywire's IPO registration statement effective?

No, the registration statement has been filed but has not yet become effective.