Ooma registers $86.25 million of stock for initial public offering

Credit Suisse, BofA, JMP, Blair and Wunderlich will assist with sale

By Devika Patel

Knoxville, Tenn., June 15 – Ooma, Inc. will price its initial public sale of common stock with a greenshoe, according to a Form S-1 filed Monday with the Securities and Exchange Commission. The company has registered up to $86.25 million of stock for the deal.

Credit Suisse and BofA Merrill Lynch are the bookrunners; JMP Securities is the lead manager, and William Blair and Wunderlich are the co-managers.

Proceeds will be used for general corporate purposes, including working capital, sales and marketing, general and administrative matters, capital expenditures and development.

The Palo Alto, Calif., company offers internet home phone service. It intends to list its common stock on the New York Stock Exchange under the symbol “OOMA.”

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