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Prosek Partners and ICR Inc. handle Flywire as the Boston-based global payments company raises $250M in its IPO.
Flywire CEO Mike Massaro plans to use the IPO proceeds for technology and solutions development and for possible acquisitions to complement his company’s offerings.
The company supports more than 2,250 clients with payments in more than 130 currencies in 240 countries.
The IPO comes just ahead of the summer travel season, in which seven in ten frequent travelers expect to spend more this year than they have in the past five years, according to a Flywire survey report released May 12.
Colin Smyth, travel GM at Flywire, said people planning to explore the post-pandemic world are looking for travel companies that offer “seamless, transparent and secure payment options.”
Prosek handles media for Flywire, while ICR deals with investors.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
