Skip to page content

Jamf Reportedly Files Confidentially for IPO, Seeks $3B Valuation


computer
photo via pexels

Jamf, the Minneapolis-based maker of software for managing Apple devices, has confidentially filed for an initial public offering, according to Bloomberg.

Bloomberg reports that Jamf, backed by the buyout from Vista Equity Partners, will seek to be valued at about $3 billion in a listing, according to a person familiar with the matter. The software company is reportedly working with Goldman Sachs Group on the listing.

Representatives from Jamf, Vista and Goldman Sachs declined to provide comment to Bloomberg on the matter.

The source further told the publication that the U.S. Securities and Exchange Commission hasn't made Jamf's filing public yet and its plans could change. An IPO could go ahead this year, though the timing hasn't been set.

Founded in 2002, Jamf provides Mac and iOS management software for businesses, schools and government organizations. According to the company's website, it manages more than 15 million Apple devices and has 35,000 global customers. Jamf also has over 1,000 full-time employees in 10 different countries.

This isn't the first time that Jamf has explored an IPO path. CEO Dean Hager told the Biz Journal in 2018 that he had started preparing a plan to go public when the company received a pitch Vista Equity partners.

The Austin, Texas-based private equity firm offered to buy the business, noting Jamf could always go public at a later date. Jamf ultimately sold to Vista for an undisclosed amount in late 2017.


Keep Digging

Andre Creighton TurnSignl
News
Danny Zouber
News
processed 2A66B106 615F 469B 9B1E CC8345A3E00A
News
Walmart
News
Dunwoody Downtown Building
News


SpotlightMore

Minne Inno Tech Madness
See More
Spotlight_Inno_Startups to Watch
See More
Spotlight_Inno_Guidesvia getty images
See More
Attendees network at an Inno on Fire
See More

Upcoming Events More

Oct
27
TBJ
Nov
03
TBJ

Want to stay ahead of who & what is next? Sent twice-a-week, the Beat is your definitive look at Minneapolis/St. Paul’s innovation economy, offering news, analysis & more on the people, companies & ideas driving your city forward. Follow The Beat

Sign Up