Jamf Holding Corp. announced Tuesday that it had filed with the SEC to list its common stock on the Nasdaq market under the stock ticker JAMF.
The announcement shouldn’t be a surprise to longtime watchers of the Minneapolis-based tech company, which originated in Eau Claire. Bloomberg reported earlier this year that Jamf had filed for a confidential initial public offering, a tactic that lets companies declare their intent to go public to regulators before announcing plans to the general public. And Jamf has been weighing an IPO for years, in 2016 meeting with investment bankers before selling to a private equity firm instead.
Created by Zach Halmstad on the University of Wisconsin-Eau Claire campus, Jamf was founded as an information technology management software company for Apple Inc. (Nasdaq: AAPL) products.
What officially formed as a two-person company in 2002 – Halmstad, a UW-Eau Claire grad partnered with Chip Pearson, who was leading a Minneapolis IT company – is now more than 1,000 employees strong with offices in Eau Claire, Amsterdam and Sydney, among other places.
In its earlier report, Bloomberg said Jamf would seek a valuation of about $3 billion. There are few details in Jamf’s actual IPO: The number of shares, the price range of those shares and the date of the offering are all yet to be determined. The Form S-1 listed an offer size of $100 million, a placeholder number that was estimated to determine Jamf’s listing fee. Read the full story here.