Thiel-backed payments firm AvidXchange files for U.S. IPO - NewsBreak

Oct 4 (Reuters) - AvidXchange Inc, a business payments firm backed by billionaire venture capitalist Peter Thiel, is looking to raise up to $506 million through an initial public offering in the United States, a regulatory filing showed on Monday. (Reporting by Sohini Podder and Eva Mathews in Bengaluru; Editing by Maju Samuel)