Wednesday, May 3, 2017

ShotSpotter Files For $34.5M IPO

Newark, California-based ShotSpotter, which develops electronic systems that are used by the police, public safety, and the military to locate the source of gunshots, filed for an IPO on Tuesday, saying it is looking to raised $34.5M in a public offering on the NASDAQ Capital Market. The company has applied to list as SSTI. The IPO is being underwritten by Roth Capital Partners, Northland Capital Markets, and Imperial Capital. ShotSpotter is backed by Lauder Partners, Motorola Solutions, Claremont Creek Ventures, RT Groos, and Labrador Ventures.