Reuters exclusively reported that business payments firm AvidXchange Inc has hired investment banks including Goldman Sachs Group to lead preparations for an initial public offering which may value the business payments processor at more than $7 billion. Those involved in the deal believe AvidXchange could be worth between $5 billion and $7 billion in an IPO, and potentially as much as $10 billion given recent strong investor appetite for payments companies, Reuters sources said.
The post Reuters exclusively reports AvidXchange preparing for IPO, eyeing $7 billion valuation appeared first on Reuters News Agency.
