|Bid||28.37 x 900|
|Ask||31.08 x 900|
|Day's Range||28.79 - 30.20|
|52 Week Range||26.76 - 33.91|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep 05, 2018 - Sep 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ZipRecruiter's shares gained 17.2% in their first day of trading. Payments companies Flywire and Paymentus also began life as public companies on Wednesday.
(Bloomberg) -- A pair of payment firms each rose more than 40% in their initial public offerings in the U.S. on Wednesday.Paymentus Holdings Inc. opened at $28.76 Thursday after selling shares at $21 each. Flywire Corp. opened at $34 after pricing at $24. Paymentus raised $210 million while Flywire raised $250 million. Paymentus was up about 37% at 3:13 p.m. in New York while Flywire was up 43%.Following a volatile week in the stock market, listings of technology and internet companies have come back with greater volume and eye-popping first day gains -- a fixture in the U.S. IPO market.ZipRecruiter Inc., a recruitment technology company that went public through a direct listing, rose as much as 8.5% on Wednesday.For its part, Paymentus has a diverse customer base, according to Chief Executive Officer Dushyant Sharma.“We have built an operating system for bill payments, which allows billing companies of all sizes in all major industries -- such as utilities, insurance, auto, finance, mortgage, telecom, health care and government,” Sharma said in an interview.Flywire, in turn, is taking aim at legacy players.“We see ourselves competing against old school inefficient payments,” said Alex Finkelstein, Flywire board member and general partner at Spark Capital.Paymentus and Flywire each have a market value of about $3.3 billion.Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. led both offerings.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Shares of Paymentus Holdings Inc. are heading higher in the company's stock-market debut as investors bet on a company hoping to modernize the most archaic aspects of consumer bill payments.