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.
