Intapp, which provides application software for professional and financial services., raised $273 million by offering 10.5 million shares at $26, within the range of $25 to $28. Insiders Temasek and Great Hill Partners had indicated on $60 million worth of shares in the offering.
Intapp provides industry-specific, cloud-based software solutions for the professional and financial services industry globally. The company had over 1,600 clients as of March 31, 2021, and it currently has more than 20 clients with contracts greater than $1 million of ARR. Its client base includes 96 of the Am Law 100 law firms, 7 of the Top 8 accounting firms, and over 900 private capital and investment banking firms. Intapp sells its software on a subscription basis through a direct enterprise sales model.
Intapp plans to list on the Nasdaq under the symbol INTA. J.P. Morgan, BofA Securities, Credit Suisse, Piper Sandler, and Raymond James acted as joint bookrunners on the deal.
