Jamf, Software Maker for Apple Users, Plans Up to $304 Million IPO
Jamf Holding, an Apple (AAPL) – Get Report Enterprise Management software provider, said Tuesday that it would go public, selling 16 million shares at $17 to $19 each and raising $272 million to $304 million.
The company is offering 13.5 million shares and current holders are offering 2.5 million.
After the offering, funds controlled by the Austin private-equity firm Vista Equity Partners will hold 77% of Jamf, or 74.9% if the underwriters exercise their option to buy more shares.
The underwriters have an option to buy 2.4 million more shares from the selling holders.
“As a result, we expect to be a ‘controlled company’ within the meaning of the corporate governance standards of the Nasdaq Global Select Market,” Jamf said.
Funds from the IPO will go toward repaying a term loan and for general purposes.
The Minneapolis company has applied to list on Nasdaq under the ticker JAMF. A total of 12 banks are underwriting the IPO, led by Goldman Sachs, JPMorgan, Bank of America Securities and Barclays.
Reported by The Street