avidxchange holdings inc avdx  a provider of accounts payable automation software set terms for its initial public offering on monday with plans to offer 22 million shares priced at 21 to 23 each the company would raise 506 million at the top of that range at a valuation of 44 billion based on the 1913 million shares outstanding expected after the deal closes the company has applied to list on nasdaq under the ticker avdx goldman sachs and jp morgan are lead underwriters in a syndicate of 10 banks working on the deal proceeds will be used to redeem preferred stock and for general corporate purposes the company had a net loss of 921 million in the six months through endjune wider than the loss of 506 million in the yearearlier period revenue climbed to 1139 million from 855 million the renaissance ipo etf ipo is down 06 in the year to date while the sp 500 spx has gained 16