This our last IPO story of the day, we promise! Business payments company AvidXchange is reportedly gearing up for its own initial public offering, which would give it a whopping $7b valuation.
AvidXchange, which provides payment processing software for small and medium-sized businesses, is backed by fellow A-listers Mastercard (MA) and PayPal (PYPL). Word on the street is that if investor appetite is strong enough, this public listing might even up its worth to $10b! Given that the company was valued at just $2b in a private fundraising last year, this IPO would definitely be a huge Kardashian-style glow-up.