Bill.com Stock Closes 61 Percent Above IPO Price On First Day Of Trading

On Thursday morning, the company’s stock opened at $37.25 and ended its first day of trading at $35.50, 61 percent higher than its IPO price of $22.

The company raised about $216 million by selling 9.8 million shares before trading began Thursday.

On one hand, the jump in the company’s stock price shows that investors like Bill.com and want to buy it.

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