(Reuters) – Shares of Expensify Inc increased nearly 47% in their stock market debut, valuing the expenditure management platform at about $3.87 billion, adding its name to the growing lineup of technology companies that have actually cashed in on high financier cravings for tech stocks.Portland, Oregon-based Expensifys shares opened at $39.75. The business and offering investors offered 9.73 million shares priced at $27 a piece in its initial public offering, at the top of the price variety announced previously, raising $262.7 million.The financial technology platform, established in 2008, is a cloud-based expense management software application catering to small and medium-size businesses. The business allows consumers to scan and compensate receipts from flights, hotels, coffee shops, workplace supplies and flight shares.U.S.