10:14 AM EDT, 05/14/2024 (MT Newswires) -- Jamf Holding ( JAMF ) shares fell 11% in recent trading Tuesday after the company announced the pricing of an underwritten secondary offering of 9 million shares by investment funds affiliated with Vista Equity Partners at $18.25 a share.

Underwriters have a 30-day option to buy up to an additional 1.04 million shares from the selling investors, Jamf ( JAMF ) said Tuesday.

Jamf ( JAMF ) isn't selling any shares and won't get any proceeds from the offering, which is expected to close Thursday.

With cash on hand, Jamf ( JAMF ) agreed to buy 2 million shares in the offering from the underwriters at the same price they pay to the selling stockholders.

Price: 18.25, Change: -2.16, Percent Change: -10.58