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Rugged phone maker Sonim Technologies prices IPO below the range at $11


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Sonim Technologies, which makes rugged mobile phones and accessories for industrial and public workers, raised $39 million by offering 3.6 million shares at $11, below the range of $13 to $15.

Sonim Technologies plans to list on the Nasdaq under the symbol SONM. Oppenheimer & Co. and Lake Street Capital Markets acted as lead managers on the deal.

The article Rugged phone maker Sonim Technologies prices IPO below the range at $11 originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs



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