Paymentus $241.5 million IPO
Davis Polk advised the representatives of the several underwriters in connection with the upsized $241.5 million initial public offering of 11,500,000 shares of Class A common stock of Paymentus Holdings, Inc., (which includes the exercise in full by the underwriters of their option to purchase up to 1,500,000 additional shares). Paymentus’ common stock is listed on the New York Stock Exchange under the symbol “PAY.”
Paymentus is a leading provider of cloud-based bill payment technology and solutions.
The Davis Polk corporate team included partners Byron B. Rooney and Emily Roberts and associates Tierney O’Rourke and Lawrence Traylor Jr. Partner Frank J. Azzopardi and associate Mikaela Dealissia provided intellectual property advice. The tax team included counsel Kiara L. Rankin. Partner Adam Kaminsky provided executive compensation and benefits advice. The financial institutions team included partner Jai R. Massari. Counsel Marcie A. Goldstein provided FINRA advice. Associate Allison Gunther provided 1940 Act advice. Members of the Davis Polk team are based in the New York, Northern California and Washington DC offices.