JPMorgan Chase & Co. and Goldman Sachs Group Inc. prepare the initial public offering (IPO) for property software company Entrata. Silver Lake and Blackstone Inc. back Entrata.
Entrata targets going public as soon as April. The IPO potentially raises around $500 million.
The mandate represents a significant win for JPMorgan's investment banking division, placing the firm in a lead role for the sizable technology offering. Plans are not yet finalized, and timing and valuation details could still change.