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Bill.com Sets IPO Price Slightly Higher Than Expected

PYMNTS

The price is slightly higher than the expected amount of $19 to $21, which it had originally marketed. The firm’s market capitalization is at $1.56 Since launching in 2006 in Palo Alto, Bill.com has been providing SMBs with automated back-office payment operations, such as payroll and bill payment. percent to $7.3

New York 131
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Slimmed-Down Albertsons IPO Raises $800M

PYMNTS

Albertsons’ IPO is the culmination of a saga that began in 2006 when private equity firm Cerberus Capital Management took a major position, with plans to grow the chain into one of North America’s gargantuan power grocers. billion fundraise once anticipated. Shares rose some 1 percent to $16.18 shortly before noon ET.

Idaho 224
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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets.

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Former Wirecard CFO Free For Now As German Probe Continues

PYMNTS

Burkhard Ley, the financial chief of Wirecard from 2006 to 2017, was released from jail on bail after three months behind bars, Munich prosecutors said Monday (Nov. 2), according to FT. Ley’s release is also subject to “extensive bail terms,” the prosecutors said, declining to offer more detail, according to FT.

Fraud 148
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FinTech Veteran Dan Henry Tapped To Lead Green Dot

PYMNTS

“Dan is a highly regarded leader and accomplished executive with operational expertise and over two decades of deep experience in the FinTech space. He is also an innovator who has spearheaded, built and operated two publicly-traded payments companies,” said Jacobs. 31, 2019 showed an increase in total operating revenues of $249.3

Fintech 139
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Hudson’s Bay CEO To Depart In Coming Weeks

PYMNTS

and aided the company by bolstering operations as well as selling businesses, The Wall Street Journal reported. was a target of Land & Buildings Investment Management LLC, an activist investor that wanted the firm to optimize its real estate value by converting its retail space into hotels, offices and other boutiques.

Groups 130
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WESCO Partners With Plug And Play On B2B Accelerator

PYMNTS

The company is a provider of electrical, industrial, and communications maintenance, repair and operating (MRO) and original equipment manufacturer (OEM) products, construction materials, and advanced supply chain management and logistics services. WESCO reported around $8.2