PALO ALTO, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Intapp, Inc. (NASDAQ:INTA) (the "Company"), a leading provider of cloud software for the global professional and financial services industry, today announced the launch of an underwritten secondary offering (the "Offering") of an aggregate of 5,000,000 shares of the Company's common stock by certain entities affiliated with Great Hill Equity Partners IV, L.P. (together with its affiliates, "Great Hill") and Anderson Investments Pte Ltd. (together with its affiliates, "Anderson," and together with Great Hill, the "Selling Stockholders"). The Selling Stockholders will receive all of the proceeds from the Offering. The Company will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale by the Selling Stockholders of shares of the Company's common stock in the Offering. The Company's common stock is listed on the Nasdaq Global Select Market under the ticker symbol "INTA."
The underwriter has a 30-day option to purchase up to an additional 750,000 shares of the Company's common stock from certain of the Selling Stockholders at the public offering price, less underwriting discounts and commissions.
Citigroup is acting as the underwriter and sole book-running manager for the Offering.
The underwriter may offer the shares of common stock purchased from the Selling Stockholders from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
The Offering is being made pursuant to an automatically effective shelf registration statement on Form S-3, which was filed with the Securities and Exchange Commission (the "SEC") and became effective on May 16, 2023.
The Offering will be made only by means of a prospectus supplement and accompanying prospectus that form a part of the registration statement. A preliminary prospectus supplement and ...