Flywire sets terms for IPO

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Flywire, a payment enablement software company, is offering 8.7 million shares of its common stock in its initial public offering at an estimated price of $22 to $24 per share, according to its May 18 announcement

At the top end of the range, the IPO would bring in approximately $209 million for Flywire, according to its filing with the U.S. Securities and Exchange Commission. The Boston-based company is seeking a valuation of up to $2.4 billion.

More than 80 health systems use Flywire's payment platform and software. Customers include Dallas-based Tenet Healthcare, Houston-based Memorial Hermann and Chicago-based CommonSpirit Health. Flywire acquired patient payment platform Simplee in February 2020.

The company will list on the Nasdaq under FLYW.

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