Expensify Inc. EXFY, on Monday raised the expected pricing range for its upcoming initial public offering. The company, which aims to simplify the process of building expense reports, now expects an IPO price of $25 to $27 a share. The company previously expected $23 to $25 a share. Expensify plans to offer 2.61 million shares through the IPO, while selling shareholders plan to offer 7.12 million. The company would raise about $70.5 million at the high end of its raised range. Expensify generated $65.0 million in revenue during the first six months of 2021, up from $40.6 million in the first six months of 2020. The company also generated $14.7 million in net income during the first six months of the year, up from $3.5 million in the first six months of 2020. Expensify is looking to go public amid a 20% rise in the Renaissance IPO ETF IPO, +1.76% over the past 12 months. The S&P 500 SPX, +0.09% is up 34% over that span.