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Jamf Shareholders Propose $340 Million Stock Sale

What to know about the proposed stock sale from Jamf:

  • According to a recent SEC filing, shareholders of Jamf, the Minneapolis-based tech company that specializes in management of Apple products, are looking to sell 9.8 million shares of stock
  • The sale, coming after Jamf’s July 2020 IPO, could total $340 million (Jamf will not see any proceeds from the sale)
  • 5 million shares are for sale with options to purchase an additional 1,275,000 for underwriters
    • The total represents 8.3 percent of Jamf’s outstanding stock
  • Nearly all of the shares being sold are by Austin-based Vista Equity Partners
    • Vista Equity Partners, which acquired Jamf in 2017, will remain the majority owner after the sale — going from 61.8 percent ownership to 53.6 percent ownership
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).