Vertex, which provides comprehensive tax software for businesses, raised $402 million by offering 21.2 million shares at $19, well above the range of $14 to $16. At pricing, the company commands a fully diluted market value of $3.0 billion.
Vertex plans to list on the Nasdaq under the symbol VERX. Goldman Sachs, Morgan Stanley, BofA Securities, Citi and Jefferies acted as lead managers on the deal.
The article Tax software provider Vertex prices IPO at $19, well above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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