The Barracuda Networks-backed expense management platform developer added $39m to an offering in which it had floated at the top of its range.
Expensify, the US-based expense management software producer backed by cybersecurity services provider Barracuda Networks, closed its initial public offering at $302m on Monday.
The company issued 9.73 million class A shares priced at $27.00 last week, at the top of its $25 to $27 range, to raise approximately $263m. About 2.6 million were issued by Expensify while the other 7.1 million were secondary sales from existing shareholders.
The underwriters took up the option to buy nearly 1.46 million more…
