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.