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Capital

Jamf Shareholders Propose $340 Million Stock Sale

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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 Skjong
Alex oversees the content produced for BETA, Twin Cities Startup Week, and tech.mn. 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).

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