Apple software management provider Jamf slides on pricing secondary offering

Jamf Holding

14/05/2024 14:09

** Jamf Holding's  JAMF.O  shares down 9.8% premarket to
nearly 1-mth low $18.40 after overnight secondary offering
prices
    ** Jamf, which makes software that helps companies manage
their employees' Apple  AAPL.O  devices, announces ~9 mln shares
sold by Vista Equity Partners
    ** Offering price of $18.25 represents 10.6% discount to
stock's last close
    ** In addition, Jamf to buy 2 mln of offering shares from
the underwriters, led by Morgan Stanley, Goldman and JP Morgan
    ** Sale cuts PE firm Vista's ownership by ~7% to ~36%, or
~45.4 mln shares, per the SEC prospectus filing
    ** Through Mon, JAMF shares up 13% YTD
    

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))