Bill.com BILL, +0.01% set terms for its initial public offering, in which the financial software services provider for small- to midsize businesses could raise up to $158.8 million. The Palo Alto, Calif.-based company is offering 8.8 million shares in the IPO, which is expected to price between $16 and $18 a share. With 69.55 million shares outstanding after the IPO, the company could be valued at up to $1.25 billion. If the underwriters exercise all of the options to buy additional shares, Bill.com could raise up to $182.6 million. Goldman Sachs, BofA Securities, Jefferies and KeyBanc Capital Markets are the lead underwriters. Bill.com reported a net loss for the fiscal year ended June 30 of $7.3 million on revenue of $108.4 million, after a loss of $7.2 million on revenue of $64.9 million a year ago. The company is looking to go public at a time the Renaissance IPO ETF IPO, -0.42% has gained 2.5% over the past three months and the S&P 500 SPX, -0.40% has advanced 7.3%.