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Q2 raises $527M on Wall Street for growth purposes

Mike Cronin
Q2 raises $527M on Wall Street for growth purposes

Q2 Holdings Inc. recently raised more than $527 million on the stock market, according to filings with the U.S. Securities and Exchange Commission. The financial technology company that builds apps for banks and credit unions raised the capital through a secondary stock offering and convertible senior note debt offering. The deals were finalized June 10, with Q2 (NYSE: QTWO) selling about 3 million shares at $69.50 a pop as well as selling $316.25 million in convertible bonds, according to SEC filings.