
Tax technology and services platform Vertex, which is based in King of Prussia and has offices in South America and Europe, announced its terms for the launch of its initial public offering Monday.
The company, which employs about 1,100 people across multiple continents, makes cloud-based and on-premise tax tools that can be customized by industry. (Fret not — former CEO Jeff Westphal knows tax software isn’t sexy.)
Vertex plans to raise $317 million by offering 21.15 million shares between $14 and $16 per share, before underwriting discounts and commissions, the company said in a statement. It plans to trade on the Nasdaq Global Market under the ticker symbol “VERX” and is expected to price during the week of July 27.
READ FULL ARTICLE HERE

