On May 28, 2021, Paymentus, a leading provider of cloud-based bill payment technology and solutions, announced the closing of its initial public offering of 11,500,000 shares of Class A common stock, at a price to the public of $21.00 per share, which includes the full exercise of the underwriters’ option to purchase 1,500,000 additional shares of Class A common stock. The shares began trading on the New York Stock Exchange on May 26, 2021, under the ticker symbol “PAY.” Concurrently with the IPO, Paymentus raised an additional $50.0 million in a private placement of Class A common stock, resulting in total gross proceeds from the IPO and concurrent private placement of approximately $291.5 million.

The Wilson Sonsini team advising Paymentus on the transaction included Mike Nordtvedt, Tony Jeffries, Victor Nilsson, Laura Duncan, and Dylan Peterson.

For more information, please see Paymentus’s press release.