Temasek’s nearly 38 percent of Intapp valued around US$618M

U.S. one-dollar currency notes; taken September 2018.U.S. one-dollar currency notes; taken September 2018.

Singapore state-owned investment company Temasek Holdings holds 22.13 million shares of U.S.-listed Intapp, or a 37.7 percent stake, according to a filing to U.S. securities regulators Monday.

Temasek, via subsidiaries, has invested around US$212.7 million in Intapp in the lead up to the company’s initial public offering (IPO).

At the IPO price of US$26, Temasek’s stake was valued at around US$575.46 million. On Tuesday at 10:07 a.m. ET, shares of Intapp were trading at US$27.90, suggesting a US$617.52 million valuation for the stake.

Temasek holds the Intapp stake via indirect and direct subsidiaries Tembusu Capital, Thomson Capital, Anderson Investments and Aranda Investments.

  • In August 2017, Anderson Investments acquired 17.76 million shares of series A convertible preferred shares at US$7.45 each for a total of US$132.2 million.
  • In October 2019, Anderson Investments acquired 923,077 shares of series A-1 convertible preferred shares at US$13 each for a total of US$12 million.
  • In November 2019, Anderson Investments acquired 348,981 shares of series A-1 shares at US$13 each for a total of US$4.5 million.
  • In July 2020, Anderson Investments acquired 1.18 million shares of common stock at US$12 each for a total of US$14.1 million.
  • On 2 July 2021, Aranda Investments subscribed for 1.92 million shares of common stock in the initial public offering (IPO) at US$26 each for a purchase price of US$49.9 million.

Intapp provides cloud-based software for managing regulatory requirements in financial, legal, accounting and other services industries.