KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--Vertex, Inc., a leading provider of tax technology and services, today announced the launch of its initial public offering of 21,150,000 shares of Class A common stock. The initial public offering price is expected to be between $14.00 and $16.00 per share, before underwriting discounts and commissions. In addition, Vertex and certain selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 2,630,165 and 542,335 shares of Class A common stock, respectively, at the initial public offering price, less underwriting discounts and commissions. Vertex has applied to list its shares of Class A common stock on the Nasdaq Global Market under the ticker symbol “VERX.”

Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint lead book-running managers and as representatives of the underwriters for the offering. BofA Securities, Citigroup and Jefferies are also acting as book-running managers and JMP Securities, Stifel, William Blair and CastleOak Securities, L.P. are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (SEC) but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Vertex

Vertex, Inc. is a leading global provider of indirect tax software and solutions. The company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of indirect tax, including sales and consumer use, value added and payroll. Headquartered in North America, and with offices in South America and Europe, Vertex employs over 1,100 professionals and serves companies across the globe.