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Jamf Makes Impressive Market Debut

Jamf has officially made an impressive market entrance. After formally announcing the launch of the company’s IPO earlier this month (with whispers circling much earlier than that), the Apple-management software giant burst onto the trading scene today at $46 a share (the IPO was priced at $26 on Tuesday, higher than the initial $21-$23 estimate).

It didn’t stop there.

Shares of the Minneapolis company quickly shot up to $51 — giving the company a market cap of $5.9 billion — before settling down a bit (the market is still open at the time of publication). Currently, Jamf stock is hovering at around $40 a share, representing a significant splash for the company’s public debut.

In 2017, Vista Equity Partners acquired a majority of Jamf for $733.8 million. Thanks to the impressive market performance today, that stake is now worth more than $4.5 billion.

Not a bad investment.

Update: Prices of the opening trade and IPO range have been updated.

Alex Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and When he’s not writing or editing, there’s a good chance he’s enjoying a refreshing brew and explaining the merits of heavy metal (of which there are many).