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Expensify raises expected pricing of IPO

Expensify Inc. on Monday raised the expected pricing range for its upcoming initial public offering. The company, which aims to simplify the process of building expense reports, now expects an IPO price of $25 to $27 a share. The company previously expected $23 to $25 a share. Expensify plans to offer 2.61 million shares through the IPO, while selling shareholders plan to offer 7.12 million. The company would raise about $70.5 million at the high end of its raised range. Expensify generated $65.

The stock market has rallied past just about every 2021 forecast from Wall Street’s top strategists

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