Expense management platform Expensify soars in market debut

Expensify

10/11/2021 17:44

** Shares of expense management platform Expensify  EXFY.O 
jump 47% in strong market debut 
    ** Portland, Oregon-based co's shares opened at $39.75
    ** EXFY valued at $3.87 billion in Nasdaq debut  urn:newsml:reuters.com:*:nL4N2S147Y
    ** Co sold 9.73 mln shares priced at $27 a piece in its IPO,
at the top of the price range announced earlier, raising $262.7
mln
    ** Expensify, founded in 2008, is a fintech firm which 
allows customers to scan and reimburse receipts from flights,
hotels, coffee shops, office supplies and ride shares 
    ** J.P. Morgan, Citigroup and Bank of America are the lead
underwriters for the offering

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))