<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251112_2111_Financial-Growth-Illustration_simple_compose_01k9wbjbgseh7bk1bt0s3bhdn1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251112_2111_Financial-Growth-Illustration_simple_compose_01k9wbjbgseh7bk1bt0s3bhdn1.png"/></p>
<p>比尔控股公司（Bill Holdings Inc.）的股票在周三上涨，此前位于圣荷西的商业支付平台正在探索战略选择，包括潜在的出售，因为它面临来自激进投资者 Starboard Value LP 的压力，彭博社援引知情人士的报道。</p>
<p>据报道，该公司已聘请财务顾问，以评估来自大型行业参与者和私募股权公司的兴趣。</p>
<p>虽然尚未做出最终决定，但这些讨论表明，比尔正在评估为股东解锁价值的方式，此前其股价在今年大幅下跌。</p>
<p>该公司在 2025 年损失了约 45% 的市值，使其市值约为 47 亿美元。</p>
<p>然而，该股上涨了 15.3%，至 53.7 美元，创下自 8 月以来的最佳表现。</p>
<p>该公司为中小型企业提供支付和费用管理服务，正面临客户支出减少和竞争加剧的挑战。</p>
<h2>Starboard 的影响和治理变更</h2>
<p>比尔的战略审查紧随 Starboard Value 的激进投资者 Jeff Smith 在今年早些时候披露其在该公司的股份，并在 10 月达成合作协议。</p>
<p>根据协议，比尔在其董事会中增加了四名新的独立董事，其中一名由 Starboard 选定，并承诺在 2026 年上半年举行投资者日。</p>
<p>Starboard 的参与反映了投资者对比尔的业绩和增长轨迹的广泛担忧。</p>
<p>该公司于 2019 年底上市，首日交易上涨 61%，但自那以来股价已大幅回落。</p>
<p>该股在 2021 年 11 月 8 日创下 348.50 美元的历史最高盘中价，但今年以来已下跌超过 37%，即使在周三反弹之后。</p>
<p>该公司的下滑与高增长科技和金融科技公司面临的更广泛压力相呼应，这些公司在疫情期间迅速增长，但此后在盈利能力和竞争动态方面苦苦挣扎。</p>
<h2>支付行业出现日益增加的整合</h2>
<p>比尔探索出售的背景是全球支付行业合并活动的增加，因为大型参与者和私募股权公司寻求整合较小的竞争对手。</p>
<p>在该行业最近最大的交易之一中，Global Payments Inc.于 4 月同意以超过 240 亿美元收购 Worldpay。</p>
<p>行业观察人士表示，比尔可能会吸引寻求扩大其小型企业支付业务的战略买家和押注于反弹的金融赞助商的兴趣。</p>
<p>然而，任何潜在交易的条款、估值和结构仍不明确，该公司仍可能决定保持独立。</p>
<p>Starboard 对比尔的参与是对冲基金更广泛的激进推动的一部分。</p>
<p>该公司最近披露了对 Tripadvisor 和 Qorvo 等公司的股份，后者宣布计划与 Skyworks Solutions 合并，形成一家预计在 2027 年完成的 220 亿美元的无线电芯片公司。</p>
<p>虽然尚不确定比尔是否会追求出售或继续独立，但此次审查突显了在市场条件变化下对表现不佳的金融科技公司的日益关注。</p>
<p>随着激进投资者施压以改善运营，行业同行也在整合，比尔的下一步行动将可能受到股东和竞争对手的密切关注。</p>
<p>比尔控股在公司探索出售的报道后上涨 13% 的文章最初出现在 Invezz 上。</p>

BILL

<p>比尔控股公司（Bill Holdings Inc.）的股票在有报道称该公司正在探索战略选择，包括潜在的出售，受到激进投资者 Starboard Value LP 的压力后，股价上涨了 13%。该公司已聘请财务顾问评估来自更大行业参与者和私募股权公司的兴趣。比尔的股票今年已下跌 45%，但近期的讨论表明公司正在努力释放股东价值。支付行业正经历日益加剧的整合，比尔的战略审查反映了投资者对其业绩和增长轨迹的广泛担忧</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/11/20251112_2111_Financial-Growth-Illustration_simple_compose_01k9wbjbgseh7bk1bt0s3bhdn1.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/11/20251112_2111_Financial-Growth-Illustration_simple_compose_01k9wbjbgseh7bk1bt0s3bhdn1.png"/></p>
<p>Bill Holdings Inc. stock gained on Wednesday after the San Jose–based business-payments platform was exploring strategic options, including a potential sale, as it faces mounting pressure from activist investor Starboard Value LP, reported Bloomberg, citing people familiar with the matter.</p>
<div class="lb-trans"><p>比尔控股公司（Bill Holdings Inc.）的股票在周三上涨，此前位于圣荷西的商业支付平台正在探索战略选择，包括潜在的出售，因为它面临来自激进投资者 Starboard Value LP 的压力，彭博社援引知情人士的报道。</p>
</div><p>The company has reportedly engaged a financial adviser to gauge interest from both larger industry players and private equity firms.</p>
<div class="lb-trans"><p>据报道，该公司已聘请财务顾问，以评估来自大型行业参与者和私募股权公司的兴趣。</p>
</div><p>While no final decision has been made, the discussions signal that Bill is assessing ways to unlock value for shareholders following a sharp decline in its stock price this year.</p>
<div class="lb-trans"><p>虽然尚未做出最终决定，但这些讨论表明，比尔正在评估为股东解锁价值的方式，此前其股价在今年大幅下跌。</p>
</div><p>Shares have lost about 45% of their value in 2025, leaving the company with a market capitalization of roughly $4.7 billion.</p>
<div class="lb-trans"><p>该公司在 2025 年损失了约 45% 的市值，使其市值约为 47 亿美元。</p>
</div><p>However, the stock climbed 15.3% to $53.7, marking its best day since August.</p>
<div class="lb-trans"><p>然而，该股上涨了 15.3%，至 53.7 美元，创下自 8 月以来的最佳表现。</p>
</div><p>The company, which provides payments and expense-management services for small and mid-sized businesses, has been grappling with lower customer spending and heightened competition in a consolidating sector.</p>
<div class="lb-trans"><p>该公司为中小型企业提供支付和费用管理服务，正面临客户支出减少和竞争加剧的挑战。</p>
</div><h2>Starboard’s influence and governance changes</h2>
<div class="lb-trans"><h2>Starboard 的影响和治理变更</h2>
</div><p>Bill’s strategic review comes shortly after Starboard Value, the activist investor led by Jeff Smith, disclosed a stake in the company earlier this year and entered into a cooperation agreement in October.</p>
<div class="lb-trans"><p>比尔的战略审查紧随 Starboard Value 的激进投资者 Jeff Smith 在今年早些时候披露其在该公司的股份，并在 10 月达成合作协议。</p>
</div><p>Under the deal, Bill added four new independent directors to its board, including one selected by Starboard, and committed to holding an investor day in the first half of 2026.</p>
<div class="lb-trans"><p>根据协议，比尔在其董事会中增加了四名新的独立董事，其中一名由 Starboard 选定，并承诺在 2026 年上半年举行投资者日。</p>
</div><p>Starboard’s involvement reflects broader investor unease about Bill’s performance and growth trajectory.</p>
<div class="lb-trans"><p>Starboard 的参与反映了投资者对比尔的业绩和增长轨迹的广泛担忧。</p>
</div><p>Shares of the company, which went public in late 2019 with a strong debut, rising 61% on its first trading day, have since retreated significantly from their highs.</p>
<div class="lb-trans"><p>该公司于 2019 年底上市，首日交易上涨 61%，但自那以来股价已大幅回落。</p>
</div><p>The stock reached an all-time intraday high of $348.50 on November 8, 2021, but has since fallen more than 37% this year, even after Wednesday’s rebound.</p>
<div class="lb-trans"><p>该股在 2021 年 11 月 8 日创下 348.50 美元的历史最高盘中价，但今年以来已下跌超过 37%，即使在周三反弹之后。</p>
</div><p>The company’s decline has mirrored broader pressure on high-growth technology and fintech names that soared during the pandemic but have since struggled with profitability and competitive dynamics.</p>
<div class="lb-trans"><p>该公司的下滑与高增长科技和金融科技公司面临的更广泛压力相呼应，这些公司在疫情期间迅速增长，但此后在盈利能力和竞争动态方面苦苦挣扎。</p>
</div><h2>Payments sector sees rising consolidation</h2>
<div class="lb-trans"><h2>支付行业出现日益增加的整合</h2>
</div><p>Bill’s exploration of a sale comes amid increased merger activity across the global payments industry, as large players and private-equity firms look to consolidate smaller competitors.</p>
<div class="lb-trans"><p>比尔探索出售的背景是全球支付行业合并活动的增加，因为大型参与者和私募股权公司寻求整合较小的竞争对手。</p>
</div><p>In one of the sector’s biggest recent deals, Global Payments Inc. agreed in April to acquire Worldpay for more than $24 billion.</p>
<div class="lb-trans"><p>在该行业最近最大的交易之一中，Global Payments Inc.于 4 月同意以超过 240 亿美元收购 Worldpay。</p>
</div><p>Industry observers say Bill could attract interest from both strategic buyers seeking to expand their small-business payments footprint and financial sponsors betting on a turnaround.</p>
<div class="lb-trans"><p>行业观察人士表示，比尔可能会吸引寻求扩大其小型企业支付业务的战略买家和押注于反弹的金融赞助商的兴趣。</p>
</div><p>However, the terms, valuation, and structure of any potential deal remain unclear, and the company could still decide to remain independent.</p>
<div class="lb-trans"><p>然而，任何潜在交易的条款、估值和结构仍不明确，该公司仍可能决定保持独立。</p>
</div><p>Starboard’s involvement in Bill is part of a broader activist push by the hedge fund.</p>
<div class="lb-trans"><p>Starboard 对比尔的参与是对冲基金更广泛的激进推动的一部分。</p>
</div><p>The firm recently disclosed stakes in companies including Tripadvisor and Qorvo, the latter of which announced plans to merge with Skyworks Solutions, creating a $22 billion radio-chip company expected to close in 2027.</p>
<div class="lb-trans"><p>该公司最近披露了对 Tripadvisor 和 Qorvo 等公司的股份，后者宣布计划与 Skyworks Solutions 合并，形成一家预计在 2027 年完成的 220 亿美元的无线电芯片公司。</p>
</div><p>While it remains uncertain whether Bill will pursue a sale or continue independently, the review highlights the growing scrutiny of underperforming fintech firms amid changing market conditions.</p>
<div class="lb-trans"><p>虽然尚不确定比尔是否会追求出售或继续独立，但此次审查突显了在市场条件变化下对表现不佳的金融科技公司的日益关注。</p>
</div><p>With activist investors pressing for operational improvements and industry peers consolidating, Bill’s next move will likely be closely watched by both shareholders and competitors.</p>
<div class="lb-trans"><p>随着激进投资者施压以改善运营，行业同行也在整合，比尔的下一步行动将可能受到股东和竞争对手的密切关注。</p>
</div><p>The post Bill Holdings surge 13% after reports of company exploring a sale appeared first on Invezz</p>
<div class="lb-trans"><p>比尔控股在公司探索出售的报道后上涨 13% 的文章最初出现在 Invezz 上。</p>
</div>

在有报道称 BILL Holdings 正在探索出售后，其股价上涨了 13%