Bill.com’s $216 Million Initial Public Offering


Fenwick & West represented Bill.com on the deal.

Bill.com (NYSE: BILL) raised $216 million in its initial public offering of 9,823,529 shares of its common stock at a price to the public of $22.00 per share.

Goldman Sachs & Co. LLC, BofA Securities and Jefferies LLC acted as the lead book-running managers for the offering. KeyBanc Capital Markets Inc. acted as a book-running manager. Canaccord Genuity LLC, Needham & Company, LLC, and William Blair & Company, L.L.C. acted as co-managers.

Bill.com is a leading provider of AI-enabled cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses.

The Fenwick transaction team was led by corporate partners James Evans (Picture), Mark Stevens and Dawn Belt, counsel Nicolas Dumont, associates Michael Shaw, Jenna Hsieh, Alyssa Zhang and R. Harrison Dilday; executive compensation and employee benefits partner Shawn Lampron and associate Laura McIntyre; and tax partner William Skinner.?

Involved fees earner: Dawn Belt – Fenwick & West LLP; R. Harrison Dilday – Fenwick & West LLP; Nicolas Dumont – Fenwick & West LLP; James Evans – Fenwick & West LLP; Jenna Hsieh – Fenwick & West LLP; Shawn Lampron – Fenwick & West LLP; Laura McIntyre – Fenwick & West LLP; Michael Shaw – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Mark Stevens – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Bill.com;

Author: Ambrogio Visconti