Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

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<li><strong><a href="https://www.smartkarma.com/entities/bill-com-holdings-inc" target="_blank" data-smartkarma-citation="entities:28663:1" rel="noopener">Bill.Com Holdings Inc (BILL US)</a> is expected to complete its IPO in the U.S. in the next several days. We believe that this IPO is likely to receive a strong interest among many institutional investors, given the company's strong sales growth rate, solid customer retention, and an achievable path to positive operating profits in the next two years.</strong></li>
<li>The company's cloud based software helps the SMBs to simplify and automate many complex and manual back office financial operations. Many customers use the company's software to process invoices, send and receive payments, and improve their working capital, cash management and accounting systems.</li>
<li>The company has generated an excellent growth in sales and profits in the past two years. Its sales increased 67% YoY to $108.4 million in FY 2019 (Year ended June) and 56.9% YoY to $35.2 million in three months ended September 2019. Bill.com Holdings' operating margin improved from -12.0% in FY2018 to -9.0% in FY2019, mainly due to higher gross margin combined with improved R&amp;D and sales &amp; marketing costs as a percentage of sales.</li>
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Bill.Com Holdings Inc (BILL US) is expected to complete its IPO in the U.S. in the next several days. We believe that this IPO is likely to receive a strong interest among many institutional investors, given the company's strong sales growth rate, solid customer retention, and an achievable path to positive operating profits in the next two years.
The company's cloud based software helps the SMBs to simplify and automate many complex and manual back office financial operations. Many customers use the company's software to process invoices, send and receive payments, and improve their working capital, cash management and accounting systems.
The company has generated an excellent growth in sales and profits in the past two years. Its sales increased 67% YoY to $108.4 million in FY 2019 (Year ended June) and 56.9% YoY to $35.2 million in three months ended September 2019. Bill.com Holdings' operating margin improved from -12.0% in FY2018 to -9.0% in FY2019, mainly due to higher gross margin combined with improved R&amp;D and sales &amp; marketing costs as a percentage of sales.


United States

BILL Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, offers cloud-based applications that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. BILL Holdings serves customers worldwide.

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BILL Holdings (BILL US)

Bill.com Holdings IPO Preview

Bill.Com Holdings Inc (BILL US) is expected to complete its IPO in the U.S. in the next several days. We believe that this IPO is likely to...

Douglas Kim

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