Intapp Announces Intention for IPO, Joining Rush of Legal Tech Companies Going Public
Intapp has filed a registration statement with its intention to be listed on the Nasdaq Global Market under the ticker symbol INTA. This follows recent M&A deals and SaaS-based repositioning aimed at cornering legal's business development software market.
June 07, 2021 at 10:51 AM
3 minute read
Initial Public Offerings
On Friday, software company Intapp announced its intention to file for an initial public offering, making it another of an increasing amount of companies in the legal tech space looking to go public. Intapp provides business and relationship development software for professional services firms, including legal.
In a statement, the company said it has filed a registration statement with the U.S. Securities and Exchange Commission with its intention to be listed on the Nasdaq Global Market under the ticker symbol INTA. Previously, Intapp had been funded by private equity firms Great Hill Partners and Temasek, who both still have stakes in the company, per Crunchbase.
According to its filed S-1 statement, Intapp is used by 96 of Am Law 100 firms, with more than 1,600 global clients in total. The company reports in the statement more than $180 million in revenues for the fiscal year ending June 30, 2020, with recurring revenue growing more than 10% year-over-year due to an increased movement towards the cloud and a software-as-a-service, or SaaS, model.
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