Friday, July 17, 2015

Ooma Prices IPO, Start Trading Today On NYSE

Palo Alto-based Ooma priced its IPO last night, saying that it is offering up 5,000,000 shares of its stock at $13.00 per share. The company begins trading this morning on the NYSE as OOMA. The IPO is being underwritten by Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities LLC along with William Blair & Company, L.L.C. and Wunderlich Securities, Inc. The IPO pricing was well below an earlier, expected IPO range of between $16.00 and $18.00 per share.