Why Bill.com didn’t pursue a direct listing

INSUBCONTINENT EXCLUSIVE:
Bill.com went public today after pricing its shares higher than it initially expected
The B2B payments company sold nearly 10 million shares at $22 apiece, raising around $216 million in its IPO
We wanted to know how pricing went, and whether the company (which possibly could have valued itself more richly during its IPO pricing,
and also did a good job outlining his perspective on what matters for companies that are going public
to folks about.