The payment software provide's shared popped on their first day after an IPO that followed two Goldman Sachs-backed funding rounds.

Flywire Corporation, a US-headquartered payment software provider that counts investment banking firm Goldman Sachs among its backers, went public yesterday in a $251m initial public offering.

The company upsized the size of the offering from 8.7 million to 10.44 million shares and priced them at $24.00 each, at the top of the $22 to $24 range it had set.

The shares opened at $34.00 each on their first day of trading on the Nasdaq Global Select Market yesterday and closed…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.