Analysis: payments processing and automation company AvidXchange raised $660M in its IPO, selling shares for $25, giving an implied $4.9B valuation (Bloomberg)

Bloomberg:
Analysis: payments processing and automation company AvidXchange raised $660M in its IPO, selling shares for $25, giving an implied $4.9B valuation  —  Financial technology company AvidXchange Holdings Inc. raised $660 million in an initial public offering, pricing its shares at the top of a marketed range …