Credit: Alarm.com, a cloud-connected security and home automation platform with 2.4 million subscribers, raised $98 million by offering 7 million shares at $14, the midpoint of the $13-$15 range. At its offer price, Alarm.com commands a fully diluted market cap of $669 million and an enterprise value of $567 million. Alarm.com will list on the NASDAQ under the symbol ALRM. Goldman Sachs, Credit Suisse and BofA Merrill Lynch acted as lead managers on the deal.
The article Alarm.com prices IPO at $14, the midpoint of the range 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
