Announces Closing of Follow-on Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

June 15, 2020

PALO ALTO, Calif.--(BUSINESS WIRE)-- (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses, today announced the closing of its follow-on public offering of 8,280,000 shares of its common stock at a public offering price of $74.25 per share, which includes the exercise in full of the underwriters’ option to purchase an additional 1,080,000 shares of its common stock. sold 4,330,000 shares of its common stock in the offering, and selling stockholders sold 3,950,000 shares of common stock in the offering. did not receive any proceeds from the sale of the shares by the selling stockholders. The gross proceeds from this offering to were approximately $308.6 million, before deducting underwriting discounts and commissions and other offering expenses payable by

Goldman Sachs & Co. LLC, BofA Securities, Jefferies LLC and KeyBanc Capital Markets acted as joint lead book-running managers for the offering. Wells Fargo Securities also acted as a joint book-running manager for the offering. Canaccord Genuity, Needham & Company, Oppenheimer & Co., Piper Sandler and William Blair acted as co-managers for the offering.

The offering was made only by means of a prospectus. A copy of the prospectus may be obtained from Goldman Sachs & Co., LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at; from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at; from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 547-6340, or by email at; from KeyBanc Capital Markets, Attention: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; and from Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, NY 10001, or by telephone at (800) 326-5897, or by email at

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission (“SEC”). A copy of the prospectus can be accessed through the SEC’s website at

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the platform to manage end-to-end financial workflows and to process payments. The financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflows. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. has offices in Palo Alto, California and Houston, Texas.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern’s expectations, strategy, priorities, plans or intentions.’s expectations and beliefs regarding these matters may not materialize and could change as a result of the global pandemic resulting from the novel coronavirus known as COVID-19, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in’s filings with the Securities and Exchange Commission, including’s prospectus filed pursuant to Rule 424(b) under the Securities Act of 1933, on December 12, 2019 and in’s Quarterly Report on Form 10-Q filed on May 8, 2020. The forward-looking statements in this release are based on information available to as of the date hereof, and disclaims any obligation to update any forward-looking statements, except as required by law.

View source version on

IR Contact

‍Carolyn Bass

Press Contact