Evercommerce Set Terms Of Its Ipo, Which Could Value Company At Up To $3.5B

by marketwatch.com posted 1month ago 3 views
EverCommerce Inc. has set terms of its initial public offering, as the Colorado-based provider of software-as-a-service for small- and medium-sized service-based businesses looks to raise up to $344.1 million and be valued at up to $3.46 billion. The company is offering 19.12 million shares in the IPO, which is expected to price between $16 and $18 a share. The company expects 192.5 million shares to be outstanding after the IPO. The stock is expected to list on the Nasdaq under the ticker symbol "EVCM." There are 18 underwriters, led by Goldman Sachs, J.P. Morgan, RBC Capital Markets and KKR.

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