Posted 05/19/2015 at 9:44 AM
Posted 2 years ago
The filing with United States regulators will go onto the NASDAQ as class A common stock with the ‘APPF’ symbol.
The California-based company creates software for small and medium-sized property managers in addition to providing the MyCase legal software to smaller law firms and was founded in 2006 by Jon Walker and Klaus Schauser.
The move comes after a surge in revenue at the close of the first quarter at the end of last March, totalling $15.8 million.
The bid was underwritten by financial giants Credit Suisse, Morgan Stanley, William Blair and Pacific Crest Securities.
Terms outside of the $100 million fundraising target were not disclosed as far as share prices.