Intapp, Inc. (NASDAQ: INTA), a leading provider of cloud software for the global professional and financial services industry, has announced the pricing of an underwritten public offering of 6,250,000 shares of its common stock at a public offering price of US$36.50 per share, before underwriting discounts and commissions. The Offering consists of 2,000,000 shares being sold by the Company and 4,250,000 shares being sold by certain selling stockholders, resulting in aggregate gross proceeds of approximately US$73.0 million to the Company and approximately US$155.1 million to the selling stockholders, before deducting underwriting discounts and commissions. In addition, certain of the selling stockholders have granted the underwriters an option for a period of 30 days to purchase up to an additional 937,500 shares on the same terms and conditions, less underwriting discounts and commissions. The Offering is expected to close on or about May 22, 2023, subject to the satisfaction of customary closing conditions.
BofA Securities and Barclays are acting as the joint lead book-running managers for the Offering. Citigroup, Raymond James, Credit Suisse and Piper Sandler are acting as bookrunners for the Offering. BTIG, Oppenheimer and Co, Inc. and Stifel are acting as co-managers for the Offering.
Latham & Watkins LLP advised the underwriters in the offering, with a corporate team led by partners Tad Freese, and Brian Paulson with associates Casey Tong and Alexander Yoxsimer. Advice was also provided on tax matters by Grace Lee, with associate Alexandra O’Keefe.