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Jamf Increases IPO Price Range

Apple enterprise management company raised its IPO pricing range to between $21 and $23, according to an updated document filed with the U.S. Securities and Exchange Commission.

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The share price range was initially set at between $17 and $19. If the Minneapolis-based company ends up pricing at the midpoint of its new range ($22), the company will have a valuation of about $2.56 billion.

Jamf is unlike other venture-backed tech companies going public nowadays. The company, which helps organizations connect and manage their Apple devices, was founded in 2002, so it鈥檚 been around for a while. The last time it raised VC dollars was with its $30 million .

Private equity firm acquired the majority stake in the company in 2017 for $733.8 million, according to Jamf鈥檚 S-1 filing.

The more recent tech IPOs we鈥檝e seen have had their stock prices surge far above their IPO price on the first day of trading. So Jamf upping its price range could be a good thing, assuming the company wants to avoid leaving money on the table. Other companies that have gone public have also increased their price range, only to still see their stock skyrocket as soon as it starts trading. Of course, we won鈥檛 know if Jamf鈥檚 IPO price is too high or isn鈥檛 high enough until the shares start selling tomorrow.

We鈥檒l be back with more when that happens.

Illustration: Li-Anne Dias

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