Intapp files for long-anticipated IPO

Intapp has publicly filed for its long anticipated initial public offering. The Palo Alto-headquartered company on 4 June filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed IPO of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Intapp intends to list its common stock on the Nasdaq Global Market under the ticker symbol “INTA.”

Intapp in the S-1 describes itself as a leading industry cloud for professional and financial services. Within the ‘Intapp at a glance’ section for potential investors, it says it works with 96 of the top 100 Am Law law firms, seven of the top eight accounting firms, and 900 private capital and investment banking firms.

As predicted by Bloomberg in December, J.P. Morgan, BofA Securities and Credit Suisse will act as lead book-running managers for the proposed offering. Piper Sandler and Raymond James are acting as joint book-running managers. Oppenheimer & Co. Inc., Stifel Nicolaus & Company and Truist Securities will act as co-managers for the proposed offering.

Intapp in May signed an agreement to acquire Belfast-headquartered cloud content management systems provider Repstor, extending its platform for the first time to encompass the fee-earner work product. Repstor has a strong partnership with Microsoft and helps firms to get the most out of their Microsoft 365 investments, including SharePoint and Teams. This fits with Intapp’s platformisation drive and speaking to Legal IT Insider at the time of the acquisition, president and chief client officer Dan Tacone said: “We have been helping firms to understand and embrace the notion of the connected firm, and building out our platform to help connect people, process and data. We had an opportunity to strengthen that with this acquisition. Repstor has a tremendous partnership with Microsoft and has built out solutions including the ability to provision Teams as a key part of the workflow. They are taking the horizontal Microsoft platform and making it work for professional services firms.”