The latest regional company to go public is set to begin trading on the Nasdaq exchange today.
Expense management software company Expensify said in a news release Tuesday that would begin trading at a share price of $27 under the ticker symbol EXFY.
The price is up from a range of $23 to $25 set earlier and later raised this week to $25 to $27.
Expensify has been in Portland since 2017 and makes software used to manage companies' expense reimbursements, invoices and bill paying.
The company's debut will be the latest IPO for a Portland-region company following several firms that went public or announced IPO plans in the past year. Coffee chain Dutch Bros (NYSE: BROS) began trading in September, followed by the SPAC debut of battery maker ESS Inc. (NYSE: GWH). Vancouver biotech Absci (NASDAQ: ABSI) went public this summer.
Pending IPOs include early childhood education company KinderCare and vacation rental management company Vacasa, which plans to go public through a SPAC, or special purpose acquisition company.
