United States securities and exchange commission logo
July 15, 2020
Dean Hager
Chief Executive Officer
Jamf Holding Corp.
100 Washington Ave S, Suite 1100
Minneapolis, MN 55401
Re: Jamf Holding Corp.
Amendment No. 1 to
Registration Statement on Form S-1
Filed July 14, 2020
File No. 333-239535
Dear Mr. Hager:
We have reviewed your amended registration statement and have the
following
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.
Please respond to this letter by amending your registration
statement and providing the
requested information. If you do not believe our comments apply to your
facts and
circumstances or do not believe an amendment is appropriate, please tell
us why in your
response.
After reviewing any amendment to your registration statement and
the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-1
Summary Consolidated Financial Data, page 19
1. Please provide the
calculations and explanations for both the numerator and denominator
used in determining the
pro forma net loss per share for each period presented. In this
regard, ensure that the
denominator only includes those shares whose proceeds will be
used for the repayment
of debt and not for general corporate purposes. Also, ensure that
the adjustments to the
numerator comply with Article 11-02(b)(6) of Regulation S-X.
Lastly, revise your
disclosures to provide a quantified reconciliation to the GAAP
amounts so the
computation is transparent to investors.
Dean Hager
FirstName LastNameDean Hager
Jamf Holding Corp.
Comapany
July NameJamf Holding Corp.
15, 2020
July 15,
Page 2 2020 Page 2
FirstName LastName
Critical Accounting Policies
Common Stock Valuation, page 111
2. In your response letter dated January 22, 2020 you refer to a common
stock valuation as
of September 30, 2019 of approximately $8.70, on a post stock split
basis. Please explain
the increase in such value to the $18.00 midpoint of the range in this
offering.
Notes to Consolidated Financial Statements
Note 17 Subsequent events (unaudited), page F-42
3. We note your added disclosures on page 111 that the vesting conditions
of the
performance-based option awards will be modified concurrent with this
offering and that
you expect the value of these options to increase from $13.8 million
to $33 million on the
date of modification. We further note your added disclosure on page
153 regarding the
"IPO Grants" whereby you expect your Board will grant awards under the
2020 Plan to
certain employees, representing an aggregate of 1,078,833 shares of
common stock. Tell
us your consideration to include a discussion of these events in the
subsequent event
footnote to the financial statements along with the expected impact
such awards will have
on your stock-based compensation in future periods. Refer to
855-10-50-2.
You may contact Melissa Kindelan, Senior Staff Accountant, at (202)
551-3564 or
Christine Dietz, Senior Staff Accountant, at 202-551-3408 if you have questions
regarding
comments on the financial statements and related matters. Please contact Jeff
Kauten, Staff
Attorney, at (202) 551-3447 or Jan Woo, Legal Branch Chief, at (202) 551-3453
with any other
questions.
Sincerely,
Division of
Corporation Finance
Office of
Technology
cc: Alexander M. Schwartz, Esq.
