Press release

Bill.com Prices Initial Public Offering

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Bill.com (NYSE:BILL), a leading provider of AI-enabled cloud-based software that simplifies, digitizes, and automates complex back-office financial operations for small and midsize businesses, today announced the pricing of its initial public offering of 9,823,529 shares of its common stock at a price to the public of $22.00 per share.

The shares are expected to begin trading on the New York Stock Exchange on December 12, 2019, under the ticker symbol “BILL”. The offering is expected to close on December 16, 2019, subject to customary closing conditions.

In addition, Bill.com has granted the underwriters a 30-day option to purchase up to an additional 1,473,529 shares of common stock at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Securities and Jefferies LLC are acting as the lead book-running managers for the offering. KeyBanc Capital Markets Inc. is acting as a book-running manager. Canaccord Genuity LLC, Needham & Company, LLC, and William Blair & Company, L.L.C. are acting as co-managers.

The offering is being made only by means of a prospectus. Copies of the prospectus related to the offering, when available, may be obtained from: Goldman Sachs & Co., LLC, Attention: Prospectus Department, 200 West Street, New York, New York 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; or Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, or by telephone at 1-877-821-7388, or by email at Prospectus_Department@Jefferies.com.

A registration statement relating to these securities has been filed with, and declared effective by the U.S. Securities and Exchange Commission (“SEC”). Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Bill.com

Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates complex, back-office financial operations for small and midsize businesses. Customers use the Bill.com platform to manage end-to-end financial workflows and to process payments. The Bill.com AI-enabled, financial software platform creates connections between businesses and their suppliers and clients. It helps manage cash inflows and outflows. The company partners with several of the largest U.S. financial institutions, the majority of the top 100 U.S. accounting firms, and popular accounting software providers. Bill.com has offices in Palo Alto, California and Houston, Texas.