Bill.com (NYSE:BILL, Financial), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses, today announced the pricing of its follow-on public offering of 7,200,000 shares of its common stock at a public offering price of $74.25 per share. The public offering was upsized from the previously announced size of 6,000,000 shares of its common stock. Bill.com is offering 3,250,000 shares of its common stock in the offering, and selling stockholders are offering 3,950,000 shares of Bill.com common stock in the offering. In addition, Bill.com has granted the underwriters a 30-day option to purchase up to an additional 1,080,000 shares of Bill.com common stock at the public offering price, less underwriting discounts and commissions. Bill.com will not receive any proceeds from the sale of the shares by the selling stockholders. The offering is expected to close on or about June 15, 2020, subject to the satisfaction of customary closing conditions.
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