Nitro Software will list as a business worth between $263 million and $352m.
The company will tap the market for between $126m and $141m.
Working on the transaction is Morgan Stanley and Bell Potter with the management roadshow for Nitro’s initial public offering now underway.
Shares will be sold in a bookbuild for between $1.80 and $2.40 each at increments of 10c per share.
The pricing equates to between 4.5 times and 5.9 times the group’s revenue on an enterprise value basis.
Excluding debt, the business would be worth between $326m and $413m.
The largest shareholders are the Starship Technology Fund and Battery Ventures along with Richard Wenzel and Sam Chandler.
The bookbuild will open on November 19 and the company will start trading on December 11.
Nitro Software develops commercial software used to create, edit, sign, and secure Portable Document Format files and digital documents.
The company has over 650,000 business customers worldwide, and claims millions of users across the globe.
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