Evaluation: funds processing and automation firm AvidXchange raised $660M in its IPO, promoting shares for $25, giving an implied $4.9B valuation (Bloomberg)

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Bloomberg:

Evaluation: funds processing and automation firm AvidXchange raised $660M in its IPO, promoting shares for $25, giving an implied $4.9B valuation  —  Monetary expertise firm AvidXchange Holdings Inc. raised $660 million in an preliminary public providing, pricing its shares on the high of a marketed vary …