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Bill.com Announces Closing of Follow-on Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Bill.com Announces Closing of Follow-on Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

Bill.com, a leading provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses, announced the closing of its follow-on public offering of 8,280,000 shares of its common stock at a public offering price of $74.25 per share, which includes the exercise in full of the underwriters’ option to purchase an additional 1,080,000 shares of its common stock. Bill.com sold 4,330,000 shares of its common stock in the offering, and selling stockholders sold 3,950,000 shares of Bill.com common stock in the offering. Bill.com did not receive any proceeds from the sale of the shares by the selling stockholders. The gross proceeds from this offering to Bill.com were approximately $308.6 million, before deducting underwriting discounts and commissions and other offering expenses payable by Bill.com.

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Goldman Sachs & Co. LLC, BofA Securities, Jefferies LLC and KeyBanc Capital Markets acted as joint lead book-running managers for the offering. Wells Fargo Securities also acted as a joint book-running manager for the offering. Canaccord Genuity, Needham & Company, Oppenheimer & Co., Piper Sandler and William Blair acted as co-managers for the offering.

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The offering was made only by means of a prospectus. A copy of the prospectus may be obtained from Goldman Sachs & Co., LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com; from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com; from Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 547-6340, or by email at Prospectus_Department@Jefferies.com; from KeyBanc Capital Markets, Attention: Prospectus Delivery Department, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; and from Wells Fargo Securities, LLC, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, NY 10001, or by telephone at (800) 326-5897, or by email at cmclientsupport@wellsfargo.com.

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