i3 Verticals, Inc.’s $92.5 Million Initial Public Offering

Bass, Berry & Sims represented i3 Verticals, Inc. in its initial public offering (IPO) of 7,647,500 shares of Class A common stock for a total net proceeds of $92.5 million.

The shares began trading on The Nasdaq Global Select Market under the symbol “IIIV” on June 21, 2018. Cowen and Company, LLC and Raymond James & Associates served as joint book-running managers and as representatives of the underwriters for the offering. KeyBanc Capital Markets acted as a bookrunner for the offering.

i3 Verticals, Inc. provides payment and software solutions. The Company, led by Gregory S Daily, Rick Stanford and Clay M Whitson, offers electronic payment services to education, non-profit, public sector, property management, and health care industries. i3 Verticals, in 2017 recorded $262.8 Million Revenues.

Bass, Berry & Sims advised i3 Verticals with a team including Shayne R. Clinton, J. Page Davidson (Picture), Kevin H. Douglas, Greg Everett, Leslie M. Ford, Nick L. Grunenwald, Joseph A. Kimmet, Jay H. Knight, Bryan W. Metcalf, Lori B. Morgan, Juhi Kaveeshvar Patel, Oliver H. Peglow, W. Benjamin Tarpley, James S. Tate, Jr., Ashley N. Thurman, Timothy Van Hal, David R. Venturella and Taylor K. Wirth

Involved fees earner: Page Davidson – Bass Berry & Sims; Kevin Douglas – Bass Berry & Sims; Greg Everett – Bass Berry & Sims; Nick Grunenwald – Bass Berry & Sims; Jay Knight – Bass Berry & Sims; Lori Morgan – Bass Berry & Sims; Oliver H. Peglow – Bass Berry & Sims; Benjamin Tarpley – Bass Berry & Sims; Ashley Thurman – Bass Berry & Sims; Timothy Van Hal – Bass Berry & Sims; David Venturella – Bass Berry & Sims; Taylor Wirth – Bass Berry & Sims; Leslie Ford – Bass Berry & Sims; James Tate Jr. – Bass Berry & Sims; Shayne Clinton – Bass Berry & Sims; Joseph Kimmet – Bass Berry & Sims; Bryan Metcalf – Bass Berry & Sims; Juhi Kaveeshvar Patel – Bass Berry & Sims;

Law Firms: Bass Berry & Sims;

Clients: i3 Verticals, Inc. ;

Author: Ambrogio Visconti