Tax Software Co. Vertex Leads 5 IPO Launches Totaling $843M

Law360 (July 20, 2020, 7:22 PM EDT) -- Latham-led business tax software provider Vertex Inc. set a price range for an estimated $317 million initial public offering, joining four biotechnology companies that on Monday launched IPOs that could raise a combined $843 million before July is over.

King of Prussia, Pennsylvania-based Vertex, advised by Latham & Watkins LLP, told regulators that it plans to offer 21.15 million shares priced between $14 and $16 each. Vertex would raise $317.25 million at midpoint, using most proceeds to repay debt.

The four biotechnology companies that joined the queue along with Vertex could raise an additional $526 million combined, adding to a sizzling pace...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!