Credit Suisse, BofA, JMP, William Blair, Wunderlich assist with sale
By Angela McDaniels
Tacoma, Wash., July 16 – Ooma, Inc. priced its initial public offering of 5 million share of common stock at a price to the public of $13.00 per share. The $65 million IPO has a $9.75 million greenshoe.
The company expects the shares to start trading on the New York Stock Exchange under the ticker symbol “OOMA” on July 17 and settlement to occur July 22.
Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities LLC are the joint bookrunners. William Blair & Co., LLC and Wunderlich Securities, Inc. are co-managers.
As reported on June 15, the company registered up to $86.25 million of stock for the deal.
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 provides cloud-based telephony and other connected services.
| Issuer: | Ooma, Inc.
|
| Issue: | Common stock
|
| Amount: | $65 million
|
| Greenshoe: | $9.75 million
|
| Shares: | 5 million
|
| Price: | $13.00
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, BofA Merrill Lynch and JMP Securities LLC
|
| Co-managers: | William Blair & Co., LLC and Wunderlich Securities, Inc.
|
| Pricing date: | July 16
|
| Settlement date: | July 22
|
| Expected listing: | NYSE: OOMA
|
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