Apple MDM vendor Jamf sees share price surge after listing

Jamf now valued at over $4bn

Apple mobile device management vendor Jamf saw its share price rocket by 50 per cent after listing on the NASDAQ market.

The software provider had already raised the price of its shares before the IPO in response to demand, but saw its share price surge after its CEO rang the bell virtually to open trading.

It currently has a valuation of around $4.6bn.

Jamf helps businesses and education institutions manage their fleets of Apple devices, and even counts Apple among its customer base.

The vendor did around $62m in sales in its Q2, an increase of around 27 per cent year on year.

CEO Dean Hager told Fortune that Jamf has come through the global pandemic relatively unscathed because of its all-subscription revenue model.

The software firm serves over 40,000, with a total 17 million Apple devices, it claimed.