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Why Bill.com’s stock is soaring, while other IPOs sink

Why Bill.com’s stock is soaring, while other IPOs sink
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IPO judgment day hasn’t been kind to some tech companies this year, as the likes of Lyft, Uber, and Slack have sagged since braving the public markets. Shares of Bill.com, which provides cloud-based software for small and medium-size businesses, have soared more than 60% since the Palo Alto-based company listed on New York Stock Exchange last week. Accounting software providers like Intuit and Xero have also rallied in 2019.