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Bill.com Signs for New HQ

Wednesday, Jan 08 2020
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On the heels of its hot initial public offering, Bill.com has signed an agreement for a new corporate headquarters. The newly public payments software company has leased about 131,801 square feet of office space from US ER America Center 4 LLC for its future executive offices, according to documents filed with the SEC this week.

Bill.com expects to begin the lease on May 1 at the site at 6220 America Center Drive, San Jose, Calif., for an 11-year term. Minimum rent was set at roughly $494,254 per month, with a 3-percent increase annually.

The IPO in December went a price above expectations. The initial estimate was a price of $16 to $18 per share but the offering price was $22 per share. The company received proceeds of about $201 million.

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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