Paymentus Holdings, Inc. launches an IPO.

IPO of Paymentus Holdings, Inc. (PAY) will take place on May 25, 2021. Paymentus is a leading provider of cloud technology and bill payment solutions. The company provides its services to more than 1300 business clients using a modern technology stack. Paymentus serves business clients who provide services across a wide variety of industries, including utilities, financial services, insurance, telecommunications and healthcare. The Paymentus platform provides its clients with secure and easy-to-use  electronic electronic bill payment capabilities based on a multi-channel infrastructure that allows clients to pay their bills using their preferred payment type and channel.

The estimated valuation of the company after its IPO will be $2.3 billion. 

The listed bookrunners of the IPO are Goldman Sachs, JP Morgan, BofA Securities, Citigroup, Baird, Nomura, Raymond James, Wells Fargo Securities, Fifth Third Securities, PNC Capital Markets, AmeriVet Securities and CL King & Associates.