Vertex, Inc.

Vertex, Inc. (VERX) priced its initial public offering on Jul 30, 2020 at $19.00 per share, above its $14.00–$16.00 range, raising $401.9M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $2.72B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, BofA Securities and Citigroup and others. Latham & Watkins and Skadden, Arps advised the underwriters.

Vertex, Inc. provides software, content and services that automate indirect tax processes, including sales tax, use tax and value-added tax, for businesses with complex tax operations. It helps global companies manage transactions and comply with indirect tax obligations.

Status

IPO

Ticker

VERX

Exchange

Nasdaq Global Market

Priced

Jul 30, 2020

IPO price

$19.00

Price range

$14.00–$16.00

Raised

$401.9M

Market cap at IPO price

$2.72B

First filed

Jul 2, 2020

Underwriters

Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup, Jefferies, Citizens JMP, Stifel and William Blair

Underwriters' counsel

Latham & Watkins and Skadden, Arps

Sector

Technology

Country / state

PA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.