- Accounts payable and payment automation solutions provider AvidXchange Holdings Inc (NASDAQ:AVDX) priced 26.4 million shares at $25 per share in an upsized initial public offering.
- The estimated gross proceed is $660 million. All of the shares are being offered by AvidXchange.
- The underwriters have a 30-day option to purchase additional shares up to 3.96 million.
- Earlier, the company had estimated to offer 22 million shares at $23 – $25 per share.
- AvidXchange’s shares will begin trading on the Nasdaq on October 13, under the symbol “AVDX.”
- Related Content: Peter Thiel-Backed AvidXchange Gears For IPO At High Valuations: Reuters
Lancaster Colony Q2 EPS $1.25 Misses $1.49 Estimate, Sales $428.40M Beat $419.85M Estimate
Lancaster Colony (NASDAQ:LANC) reported quarterly earnings of $1.25 per share which missed the analyst consensus estimate of $1.49 by 16.11 percent. This is a 22.84 percent decrease over earnings of $1.62 per share from
